Puerto Rico Sued by Wall Street Insurers

Puerto Rico Gov. Alejandro Garcia Padilla announced bond insurers have sued the island.

Puerto Rico Rings In the New Year by Defaulting on Debt

As Puerto Rico makes its first debt payment of the new year, it has no choice but to default on nearly $174 million as well.

House Speaker Pledges Action on Puerto Rico Debt Crisis for Early 2016

Although the omnibus bill did not address Puerto Rico's financial crisis, Speaker of the House Paul Ryan, R-Wisc., has reportedly made the commonwealth's debt struggle a top issue for next year.

Puerto Rico Government Gives Christmas Bonus Despite Debt, 'Outmigration' Crisis

Puerto Rico has encountered further negative publicity as a result of its financial crisis.

Congress Omnibus Spending Bill Excludes Puerto Rico Debt Relief

Despite pleas from Puerto Rican officials including its governor, Congress will likely not include any relief for the U.S. territory in the omnibus spending bill.

Puerto Rico Gov. Garcia Padilla: 'Puerto Rico is Out of Cash'

“Puerto Rico is out of cash,” Alejandro Garcia Padilla, governor of the island commonwealth, said on Wednesday morning.

Latino Group Petitions White House to 'Decisively' Act on Puerto Rico's Debt Crisis

With Congress not acting quickly enough to ease Puerto Rico's debt crisis, a Latino nonprofit organization filed a petition for the White House to get involved.

Puerto Rico Debt Crisis: Latino Legislative Leaders Seek Oversight, Strategic Solutions

U.S. Rep. Raúl Grijalva, D-Ariz., called for the House Natural Resources Committee to hold a hearing on the role of hedge funds in Puerto Rico's financial crisis.

Puerto Rico Gov. Garcia Padilla Reveals Struggles in 'Inherited' Debt Crisis Talks

Puerto Rico's economic recovery working group released its comprehensive plan to save the commonwealth. The Working Group for the Fiscal and Economic Recovery of Puerto Rico published the Fiscal and Economic Growth Plan (FEGP), which include proposals for economic growth with reform measures.

Marco Rubio: Puerto Rico Debt Crisis Will Not Be Solved By Chapter 9 Bankruptcy Laws

Sen. Marco Rubio, R-Fla., does not support Puerto Rico's efforts to gain U.S. bankruptcy law rights. According to the Republican presidential candidate, Puerto Rico's leaders must lead through the difficult and necessary spending cuts and "out-of-control" big government.

Puerto Rico Crisis: New York Gov. Andrew Cuomo, Officials Working on 'Path to Prosperity'

A New York delegation wrapped up its one-day solidarity trip to Puerto Rico, where elected officials spoke with health and economic experts about the island's struggles.

Puerto Rico Governor Invites New York Elected Officials to Help Economic, Health Crisis

New York officials will make a one-day trip to Puerto Rico to discuss the island's economic and health crisis. New York Gov. Andrew Cuomo leads the delegation comprising of the state's elected officials and Medicaid experts.

New York Gov. Andrew Cuomo to Visit Puerto Rico with Financial Experts

New York Gov. Andrew Cuomo will embark to Puerto Rico to support the island as the commonwealth faces an excruciating debt crisis.

Martin O'Malley Calls for Equal Economic Rights in Puerto Rico as Island Defaults on Debt Payments

While there are no Electoral College votes from Puerto Rico, the 2016 presidential candidates have been making the outreach toward the commonwealth island. Former Maryland Gov. Martin O’Malley became the first 2016 presidential candidate, regardless of political party, to travel to Puerto Rico to address the economic and health crisis affecting 3.6 million inhabitants.

Martin O'Malley Becomes First Candidate to Visit Puerto Rico Amid Debt Crisis

Martin O'Malley will be the first presidential candidate, regardless of political party affiliation, to visit the commonwealth of Puerto Rico on Aug. 1. Former Maryland Gov. O'Malley's visit to Puerto Rico comes as the island faces health care and an economic crisis with $70 billion debt.

US Democratic Senators Introduce Bill Granting Puerto Rico Chapter 9 Benefits to Ease $70 Billion Debt Crisis

Senate Democrats finally introduced legislation aimed to help Puerto Rico's $70 billion debt crisis. Democratic Sens. Chuck Schumer of New York and Richard Blumenthal of Connecticut announced the "The Puerto Rico Chapter 9 Uniformity Act" (S. 1774), which would grant the island commonwealth the authority to allow its municipalities and public utilities to adjust their debts through bankruptcy court supervision.
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