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1 – 8 of 8The missed payment marks the island’s second default of 2017 after missing payments in January. The federal fiscal control board imposed by the US Congress has given the indebted…
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DOI: 10.1108/OXAN-DB217706
ISSN: 2633-304X
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Fiscal pressures are causing controversy in Puerto Rico, but so too is fiscal policy-making. On July 5, Governor Ricardo Rossello announced that he would seek a court injunction…
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DOI: 10.1108/OXAN-DB236100
ISSN: 2633-304X
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The announcement would mark the largest subnational bankruptcy in US history, with Puerto Rico facing debt obligations of 73 billion dollars from an array of public entities and…
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DOI: 10.1108/OXAN-DB220641
ISSN: 2633-304X
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PUERTO RICO: Another governor could leave office soon
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DOI: 10.1108/OXAN-ES245594
ISSN: 2633-304X
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Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk…
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DOI: 10.1108/OXAN-DB199392
ISSN: 2633-304X
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PUERTO RICO: Spending cuts will roil politics
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DOI: 10.1108/OXAN-ES218542
ISSN: 2633-304X
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PUERTO RICO: Congress will ignore statehood vote
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DOI: 10.1108/OXAN-ES221449
ISSN: 2633-304X
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The island's government and public agencies hold 72 billion dollars of debt obligations, but migration to the mainland United States, political unwillingness to cut spending and…