- Puerto Rico seeks power bill increase, sparking outrage Updated: May-24-16 3:56 pm
SAN JUAN, Puerto Rico - Puerto Rico's heavily indebted electric company announced Tuesday that it is seeking a more than 20 percent increase in the island's already high power bills, sparking outrage among many who note the agency faces numerous corruption allegations.
- Before island's primary, Sanders criticizes Puerto Rico plan Updated: May-23-16 5:18 pm
LOS ANGELES - Two weeks before Puerto Rico's primary, Democratic presidential candidate Bernie Sanders says a deal between House leaders and the Obama administration to help the island out of debt has colonialist overtones.
- Bondholders sue over Puerto Rico debt-moratorium law Updated: May-21-16 10:15 pm
SAN JUAN, Puerto Rico - Holders of bonds from Puerto Rico's Government Development Bank are suing to challenge aspects of a debt-moratorium law that island officials say is crucial to maintaining essential services as the U.S. territory struggles under a nearly $70 billion debt load.
- Relief and anger in Puerto Rico as Congress acts on debt Updated: May-20-16 6:01 am
SAN JUAN, Puerto Rico - After months of pleading from Puerto Rico's government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.
- Congress, White House strike rescue deal for Puerto Rico Updated: May-19-16 5:15 pm
WASHINGTON - House Republicans and Democrats reached a rare, election-year deal with the White House to try to rescue Puerto Rico from $70 billion in debt as millions of Americans in the cash-strapped U.S. territory struggle with the loss of basic services.
- Q&A: How Michigan lawmakers differ on Detroit school revamp Updated: May-05-16 6:38 pm
LANSING, Michigan - The fate of Detroit's debt-ridden school district rests with the Michigan Legislature, where lawmakers have passed widely different restructuring plans and have just six weeks to resolve their differences before a summer adjournment.
- Q&A: Puerto Rico's debt crisis, what it means for muni bonds Updated: May-02-16 5:11 pm
NEW YORK - Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors.