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GOP

Bipartisan deal in House to help Puerto Rico with $70B debt

WASHINGTON (AP) — In a breakthrough, House Republicans and Democrats have struck a deal with the White House to help rescue Puerto Rico from $70 billion in debt. A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory's financial obligations and

congress

Puerto Rican bonds and the small investor

The TV ads flash the noble faces of American retirees and urge Washington to help protect their savings. The back story is kept rather vague. It's that many older people invested in Puerto Rican bonds. The U.S. territory's economy is in deep crisis, and it

debt

Puerto Rico will default on $37 million in payments owed to creditors

SAN JUAN, Puerto Rico (AP) — Puerto Rico will default on $37 million in payments due to creditors Friday, while it will make $594 million in other payments owed next week, the U.S. commonwealth's governor said Wednesday. Gov. Alejandro Garcia Padilla said that the payments to be made