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

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 ...

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 ...

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 ...

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 ...

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

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.

(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 ...

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 ...

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.

At that point, Puerto Rico is expected to default on an $800 million debt payment of general-obligation bonds, which will spur the owners of that debt—whose payment is given priority over other ...

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.