39665
Puerto Rico Rescue Falters
World Economy

Puerto Rico Rescue Falters

An aggressive advertising and lobbying campaign by conservative activists and financial interests this week stalled a plan in the US Congress to rescue Puerto Rico from crippling debt, while lawmakers adjourned on Friday with no clear path forward, Reuters reported. As its economy reels and basic services are threatened, the US island territory is pleading for help from Washington, but lawmakers have been unable to formulate a response, or even estimate when they might be able to advance a legislative fix. Puerto Rico is staring down a May 1 deadline for paying about $422 million to Government Development Bank bondholders.

 

Short URL : http://goo.gl/Pi19rR
  1. http://goo.gl/gZNy44
  • http://goo.gl/A7q8MQ
  • http://goo.gl/ILa7Hx
  • http://goo.gl/ickuno
  • http://goo.gl/6eyI0W

You can also read ...

South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
The authorities—the government, the central bank, supported by the state-owned banks—are now pulling all levers  to keep this mounting debt under control.
Corporate debt in China has soared to $18 trillion, or 169% of...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...

Trending

Googleplus