Linking the Caribbean to the World! Saturday - Sep 23, 2017

Posts Tagged: debt

  • Puerto Rico Approves Sale of $3.5B Bonds

    Puerto Rico Approves Sale of $3.5B Bonds

    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Senate approved a bill Thursday that authorizes the U.S. territory to sell up to $3.5 billion in bonds as it prepares to re-enter the market next month with a credit rating downgraded to junk status. The measure is aimed at helping Puerto Rico pay off $70 billion

  • Puerto Rico Unveils 1st Balanced Budget in Years

    Puerto Rico Unveils 1st Balanced Budget in Years

    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor on Tuesday presented the territory’s first balanced budget in more than a decade, fulfilling a promise to cut spending at a time when the island’s economic problems have spread fear among U.S. investors. Gov. Alejandro Garcia Padilla proposed more than $1.4 billion in cuts and adjustments