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Puerto Rico Economy

Puerto Rico lawmakers approve $4 billion loan
Puerto Rico News

SAN JUAN, Puerto Rico: Without holding public hearings on legislative measures that will affect Puerto Rico’s economic future, the Legislature approved Tuesday night four bills, including a $4 billion loan to pay for public expenses, such as government worker’s payroll and to finance an economic stimulus package.
Source: Caribbean Net News Daily Headlines: Puerto Rico

Economy Rico Puerto

Puerto Rico just went into default for the first time.

The commonwealth didn't pay $58 million in debt due today to creditors of its Public Finance Corporation. The debt is mostly owned by ordinary Puerto Ricans through credit unions.

The island is struggling with about $70 billion in total outstanding debt, and its economy is in recession. Ref. CNN

Puerto Rico Economy Caribbean / Tobago & Trinidad

Puerto Rico faces $28bn shortfall:

The highly anticipated report, delivered to Governor Alejandro Garcia Padilla on Tuesday, showed that economic reforms and budget cuts would not be enough on its own to keep the commonwealth from running a deficit through at least 2020. Ref. Source 4z

Economy Rico Puerto

How do they expect the States to take them seriously when they ask for independence and can't even take care of their own finances?

Economy Rico Puerto

Puerto Rico to Default on $37 million But Meet GO Debt:

Puerto Rico will default on part of the nearly US$1 billion in debt repayments due to its bondholders on Jan. 4, its second default in five months. Ref. Source 8x

Puerto Rico Economy

Puerto Rico to default on debt payment after talks fail:

Puerto Rico has halted a $422m…

Puerto Rico Economy

Senate passes Puerto Rico financial rescue bill

President Obama is expected to sign the bill into law before Friday, when Puerto Rico was expected to default on $2 billion in debt payments. Ref. USAToday.

Puerto Rico Economy Trinidad & Tobago / Caribbean

Puerto Rico Declares a Form of Bankruptcy;

The governor of Puerto Rico, Ricardo Rosselló, said he would move the island's debt crisis into federal bankruptcy court, making it the largest government to seek refuge from its creditors in United States history. Ref. Source 5j.