Puerto Rico

NEW YORK (TheStreet) — Puerto Rico's Governor Alejandro Garcia Padilla says the island's debts of more than $70 billion are "not payable." He says the commonwealth is in a "death spiral." Per capita, Puerto Rico has built up more municipal bond debt Meanwhile, Puerto Rico became the front of a new crisis, with Gov. Alejandro … Read more

Now on the debt hit parade comes Puerto Rico. Puerto Rico is a US territory, so if it defaults, this time the contagion will be personal. You can't go on forever spending other people's money, building up debt and blithely  The declaration by Puerto Rico's governor that the island's $72 billion in debt is “not … Read more

With the world already jolted by the Greek financial crisis, another one is brewing in Puerto Rico. The island says it can't repay its $72-billion debt. Governor Alejandro Garcia Padilla wants to defer payments and introduce  With the world already jolted by the Greek financial crisis, another one is brewing in Puerto Rico. The island … Read more

Puerto Rico debt is rallying the most in a month, outpacing the $3.7 trillion municipal market, as the U.S. commonwealth's revenue beats forecasts. General obligations maturing in July 2041 traded today with an average yield of 8.54 percent, or 4.65  (CNN) — A strong magnitude 6.5 earthquake hit north of Puerto Rico just after midnight … Read more

A 6.4-magnitude earthquake struck just north of the island of Puerto Rico early on Monday morning. These simple rules, when not taken out of context could save Puerto Rico. They are the simple application of decency in its simplest expression. Maybe not all apply in every circumstance, but most apply at least once a day. … Read more

SAN JUAN, Puerto Rico – A strong earthquake out to sea shook Puerto Rico early Monday, causing minor damage in some places. Some people reported items falling in their home and dozens said they felt buildings sway in the capital of San Juan, about 61  A strong earthquake struck Northern Puerto Rico early Monday about … Read more