- Puerto Rico power company reaches new deal with creditors Updated: Jan-28-16 9:49 am
SAN JUAN, Puerto Rico - Puerto Rico's power company said Thursday that it reached a new deal with bondholders as it seeks to restructure roughly $9 billion in debt.
- Puerto Rico power debt relief deal falls apart Updated: Jan-23-16 10:53 am
SAN JUAN, Puerto Rico - A deal to restructure Puerto Rico's troubled power utility's $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the proposed bond swap, including putting a debt payment charge directly on customers' bills.
- US Treasury Sec: Puerto Rico needs congressional action Updated: Jan-20-16 6:16 pm
SAN JUAN, Puerto Rico - U.S. Treasury Secretary Jacob Lew stressed on Wednesday during a visit to Puerto Rico that congressional action is the only solution to pulling the U.S. territory out of its worsening economic crisis.
- AP EXPLAINS: What Congress can do about Puerto Rico's debt Updated: Jan-18-16 1:56 pm
WASHINGTON - Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics.