Comprehensive Real-Time News Feed for Rico, CO.
Results 1 - 4 of 4 for "u:reuters.com" in Rico, CO
Puerto Rico's creditors should be prepared to make "sacrifices" in their demands with the U.S. territory after the government skipped an Aug. 1 bond payment, Governor, Alejandro Garcia Padilla said on Friday. The commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp bonds, the first time it had ever failed to make a debt payment. Comment?
New York City Mayor Bill de Blasio on Tuesday joined calls urging the U.S government to allow Puerto Rico's public entities to file for bankruptcy protection. A bill was introduced last year by Puerto Rico's representative in Congress Pedro Pierluisi to allow the U.S. territory to use federal bankruptcy laws to restructure the debt of its public agencies, but it has not won Republican support. Comment?
Before this week, Harriet Richardson's retirement dream was still intact: work a few more years in the United States before heading back to find a quiet, ocean-front house in her native Puerto Rico. Now she's not so sure. Comment?
For many Puerto Ricans, events this week that seemed to herald a fraught new period in the island's spiraling economic crisis were just the latest frustrating developments in Puerto Rico's long running decline. Governor Alejandro Garcia Padilla's announcement on Monday that the U.S. territory would seek a moratorium on up to $72 billion of debt came after a government commissioned report found Puerto Rico's fiscal crisis was far worse than thought. Comment?
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