Rep. Alexandria Ocasio-Cortez condemned the corporate profiteering of "vulture funds" during a hearing, spotlighting how ...

Puerto Rico’s government is suing a private power company, claiming it is responsible for damages to appliances caused by ...

U.S. District Judge Laura Taylor Swain ruled on Tuesday that the bondholders weren’t entitled to any recovery from Puerto Rico on their debt bonds, as their claims arose from the “purchase or sale of ...

In late June, Puerto Rico Governor Alejandro García Padilla made a worrisome announcement that the island cannot pay back its $72 billion in public debt, the New York Times reported. Padilla and ...

Op-Ed: Puerto Rico needs more than an AOC-inspired morale boost to recover from its disasters A view of the plastic tarps in the Barrio Obrero area of San Juan, Puerto Rico, where many homes have ...

Eleven years later, Puerto Rico debt has skyrocketed to $70 billion — and that's not even counting the $43.2 billion it owns its own people in pension payments.

Since 2006, Puerto Rico has been in a painful recession. Successive governments dug it deeper into debt by borrowing from Wall Street hedge funds and other institutions — even from mom-and-pop ...

Puerto Rico has also been grappling with negotiating the restructuring of debt with creditors owed $120 billion in bond and pension obligations, after the Puerto Rican government declared the debt ...

(Bloomberg Opinion) -- The seemingly never-ending saga of Puerto Rico’s unprecedented bankruptcy took another turn during the weekend. In what’s being hailed as a big step forward for the ...

For years, the nation's largest banks made millions off Puerto Rican debt as the island approached financial ruin. Then, with its infrastructure crumbling, a Category 4 hurricane barreled in.

“Puerto Rico’s debt is unpayable,” said former Gov. Alejandro García-Padilla in 2015. Under his administration and President Obama’s last term, PROMESA was imposed, including its ...

The day after the law was signed, the island’s governor, Alejandro Garcia Padilla, suspended nearly $2 billion of debt payments that Puerto Rico was supposed to make.