As the default date for Puerto Rico looms closer the Senate, expects to begin voting on the rescue package for the debt-stricken island. Puerto Rico is expected to default on its’ $2 billion debt payment. The bill has had bi-partisan opposition, but party leaders have endorsed it and promised to complete it before the July […]
Republicans Take Advantage Of Puerto Rico
March 31, 2016 By
Finally after months of public outcry the House of Representative are discussing the financial crisis that is going on in Puerto Rico. The House Republican released a draft of their plan to help Puerto Rico fix this fiscal problem. The plan was issues by the House Natural Resource Committee and it’s expected to be tweaked […]
Clinton Plans Puerto Rico Visit, Supports Debt Re-Structuring For Island
August 14, 2015 By
Hillary Clinton is aiming to shore up support in the Puerto Rican community with a campaign stop and fundraiser on a September 4th visit to the debt-strapped island. Clinton will also use the campaign stop as an opportunity to once again highlight her support of allowing the U.S. territory to restructure its debt under Chapter […]
Puerto Rico Calls for Bankruptcy, Asks Creditors to Postpone Debt Payments
June 30, 2015 By
Governor Alejandro Garcia Padilla asked that his commonwealth be allowed to restructure its $73 billion in public debt under U.S. bankruptcy code, saying the island will soon run out of cash and will likely have an effect on the roughly 5 million people of Puerto Rican descent living in the mainland United States. Puerto Rico […]
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