alejandro garcia padilla
Puerto Rico Just Defaulted on Its Debt
The island has declared that the roughly $72 billion in public debt that it owes is not payable, and Monday's default on bond payments adds urgency to its stated intention to restructure the debt.
Puerto Rico Really Wants to Declare Bankruptcy — But It Can't
As a US territory, Puerto Rico cannot file for Chapter 9 bankruptcy, an option that is afforded to American municipalities and which has been employed in recent years by cities like Detroit and Stockton.
Puerto Rico Says It Can't Pay Debts, Others Claim That 'Crisis Looms'
Puerto Rico's governor has said its debts are "not payable," while a report obtained by VICE News claims that there is "no US precedent for anything of this scale or scope."
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In Photos: Massive Protests in Puerto Rico Over Plan to Slash Spending on Higher Education
Thousands took the streets this week in San Juan to protest the governor’s plan to cut the University of Puerto Rico’s budget by $166 million.
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