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 ...

“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 ...

Democratic presidential candidate Bernie Sanders warned of a humanitarian crisis in Puerto Rico Monday, calling on the U.S. government to support a debt restructure in the territory.

Power companies face protests, financial problems. The Puerto Rico Power Authority has also grappled with chronic financial problems. Facing $9 billion in debt, the troubled power company ...

Puerto Rico's governor believes the U.S. territory's $72 billion public debt is unpayable, his spokesman confirmed late Sunday, June 28, 2015, adding another blow to the international financial ...

The executive director of a federal control board that oversees Puerto Rico’s finances says it is “impossible” for the U.S. territory to pay the $8.5 billion bondholders are demanding in a ...

SAN JUAN, Puerto Rico (AP) — 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 ...

SAN JUAN, Puerto Rico (AP) — The executive director of a federal control board that oversees Puerto Rico’s finances said that it is “impossible” for the U.S. territory to pay the $8.5 ...