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>> PUERTO RICO Latest News

12 HOURS AGO - Fortune

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Puerto Rico defaults on $422 million payment

It's getting worse for Puerto Rico. The island defaulted on $422 million in bonds related to its Government Development Bank on Monday. Congress is currently debating an aid package for the island.

Tags: Puerto Rico defaults on $422 million payment,  Puerto Rico Latest News

14 HOURS AGO - Financial Times

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16 HOURS AGO - BBC

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Puerto Rico defaults on debt payment

Puerto Rico defaults on a $422m (£289m) debt payment due on Monday, but wins breathing space from some major creditors for further talks.

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16 HOURS AGO - Wall Street Journal

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Puerto Rico’s Dire Financial Trouble Explained

Puerto Rico missed a debt payment on Monday. The White House is calling on Congress to step in and help the U.S. territory avoid financial disaster. How did the island get into this situation? WSJ’s Jason Bellini has #TheShortAnswer. Photo: Erika P. Rodriguez/Bloomberg

Tags: Puerto Rico’s Dire Financial Trouble Explained,  Puerto Rico Latest News

16 HOURS AGO - Associated Press

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Puerto Rico skips bond payments, says Congress must help

SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn't help it dig out from a mountain of debt.

Tags: Puerto Rico skips bond payments, says Congress must help,  Puerto Rico Latest News