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Puerto Rico

Puerto Rico
A collection of news and information related to Puerto Rico published by this site and its partners.

Top Puerto Rico Articles

Displaying items 12-22
  • Comparing economic woes in Puerto Rico and Greece

    The governments of both Puerto Rico and Greece are facing financial crunches in which neither has enough money to make payments on mountains of borrowed money. ___ HOW THEY ARE SIMILAR: —Both the U.S. territory and the European nation struggle...
  • Puerto Ricans in Central Florida sound off on island's worsening crisis

    Puerto Ricans in Central Florida sound off on island's worsening crisis
    KISSIMMEE — Edilberto Rivera Rodríguez moved from Puerto Rico to Kissimmee a month ago. He and his wife, Miriam Reyes García, were having breakfast Tuesday at Melao Bakery, a popular boricua restaurant, the day after the island's governor, Alejandro...
  • Puerto Rico to seek debt moratorium from bondholders

    Puerto Rico's governor said Monday night he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the U.S. island can't repay. Gov. Alejandro Garcia Padilla...
  • Puerto Rico staggers under $72 billion in debt; governor asks for help

    Puerto Rico staggers under $72 billion in debt; governor asks for help
    Staggering under a $72-billion debt, Puerto Rico, a U.S. commonwealth in the Caribbean, says it may not be able to make its payments, a step that would rattle the financial underpinnings of the United States. “We must all share the payment of this...
  • International economists release critical Puerto Rico report

    International economists release critical Puerto Rico report
    International economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. The news that Gov. Alejandro Garcia Padilla delivered late Sunday was...
  • White House: No federal bailout for Puerto Rico

    White House: No federal bailout for Puerto Rico
    The White House threw cold water Monday on the notion of bailing out Puerto Rico from its financial crisis, instead urging Congress to consider changing the law so the island can declare bankruptcy. On the heels of a dismal economic report, Puerto Rico's...
  • Report: Puerto Rico governor believes public debt unpayable

    Report: Puerto Rico governor believes public debt unpayable
    Puerto Rico's governor believes the U.S. territory's $72 billion public debt is unpayable, a spokesman confirmed late Sunday, adding another blow to a world financial system already struggling with a possible default by Greece. Gov. Alejandro Garcia...
  • Puerto Rico amends laws after US ruling on gay marriage

    Thousands of people in Puerto Rico celebrated Friday's U.S. Supreme Court ruling to allow gay marriage as authorities rushed to approve legislation extending marriage rights in the socially conservative U.S. territory. Just hours after the court's...
  • Parched Caribbean faces widespread drought, water shortages

    The worst drought in five years is creeping across the Caribbean, prompting officials around the region to brace for a bone dry summer. From Puerto Rico to Cuba to the eastern Caribbean island of St. Lucia, crops are withering, reservoirs are drying up...
  • Puerto Rico governor says declaring bankruptcy was option

    Puerto Rico's governor confirmed Wednesday that his administration recently pursued a proposal to request that the U.S. Congress allow the island's heavily indebted government to declare bankruptcy amid an economic crisis. Gov. Alejandro Garcia Padilla's...
  • NBA star Anthony brings new pro soccer team to Puerto Rico

    NBA star Carmelo Anthony announced Thursday that he is bringing a professional soccer team to Puerto Rico for the first time in three years. The new club, called Puerto Rico FC, will begin playing in the Division II North American Soccer League in fall...