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Puerto Rico

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  • Gross doesn't think Puerto Rico will default     Wednesday, 5 Feb 2014 | 2:07 PM ET

    Pimco's Bill Gross discusses Puerto Rico's troubled debt and shares his Fed forecast, calling the taper "a good thing."

  • Puerto Rico having a 'sovereign debt crisis': Pro     Wednesday, 5 Feb 2014 | 12:54 PM ET

    The downgrade of Puerto Rican debt by the S&P is hitting many U.S. municipal bond investors. Hans Humes, Greylock Capital Management Chairman & CEO, provides insight.

  • Puerto Rico credit in dire situation: CEO     Wednesday, 5 Feb 2014 | 11:42 AM ET

    Alexandra Lebenthal, Lebenthal & Co. president & CEO, discusses the S&P's move to downgrade Puerto Rico's general obligation debt to junk status and if other creditors, like Moody's, will follow suit.

  • Monitoring Puerto Rico's economy     Wednesday, 5 Feb 2014 | 10:30 AM ET

    Explaining why S&P downgraded Puerto Rico debt to junk and the likelihood of a U.S. bailout, with Horacio Aldrete-Sanchez, S&P credit analyst.

  • CNBC's Michelle Caruso-Cabrera reports the S&P has downgraded Puerto Rico's general obligations bonds to junk status.

  • How Puerto Rico came to owe $70 billion     Friday, 24 Jan 2014 | 6:00 PM ET

    CNBC's Michelle Caruso-Cabrera looks at how Puerto Rico, an island with a population of 3.7 million, came to owe more than $70 billion. The government has raised taxes and cut pensions to help make up the shortfall.

  • Puerto Rico debt; Buy in now?     Friday, 24 Jan 2014 | 2:12 PM ET

    CNBC's Michelle Caruso-Cabrera provides insight on Puerto Rico's debt, and what big names in business say about investing there.

  • UBS & Puerto Rico's debt     Friday, 24 Jan 2014 | 1:53 PM ET

    CNBC's Michelle Caruso-Cabrera reports there is a special exemption law in U.S. securities law that if you live in a territory like Puerto Rico, you can invest in closed-end funds in which you get tax-free dividends.

  • Why Puerto Rico needs to borrow money—and soon Friday, 24 Jan 2014 | 1:06 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    Puerto Rico is in a struggle to borrow money—and it has to do it quickly if it wants to keep ratings agencies happy.

  • Problems in Puerto Rico: Debt crisis looms     Friday, 24 Jan 2014 | 10:43 AM ET

    Puerto Rico Treasury Secretary Melba Acosta, and PR Government Development Bank Chairman David Chafey, discuss the pressure Puerto Rico is under from ratings agencies to borrow from markets over concerns of short-term liquidity needs. Puerto Rico has $70 billion in debt plus unfunded liabilities of $30 billion.

  • Should Puerto Rico be allowed to borrow?     Friday, 24 Jan 2014 | 7:44 AM ET

    Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.

  • White House: No bailout for Puerto Rico Wednesday, 22 Jan 2014 | 5:06 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.

  • Massive muni market faces PR default     Friday, 17 Jan 2014 | 3:14 PM ET

    Larry McDonald, Newedge USA senior director, and Dan Loughran, Oppenheimer Funds, discuss the threat Puerto Rico poses to the $4 trillion U.S. muni bond market. CNBC's Michelle Caruso-Cabrera provides insight.

  • Puerto Rico: Sand, rum and some risky bond income Wednesday, 6 Nov 2013 | 8:00 AM ET
    An abandoned building in the Isla Verde area of San Juan, Puerto Rico.

    Puerto Rico's territory is small, but its municipal bond market impact could be huge as it faces a potential default.

  • Puerto Rico's debt crisis hits muni bond funds     Tuesday, 29 Oct 2013 | 10:38 AM ET

    The willingness of Puerto Rico to pay is very strong, says Daniel Loughran, Oppenheimer Funds, explaining why he is still bullish on the country's muni bonds despite its "structural budget deficits."

  • Puerto Rico to investors: Your money is safe Thursday, 24 Oct 2013 | 12:56 PM ET
    Puerto Rico Gov. Alejandro Garcia Padilla

    Puerto Rico, heavily indebted and looking to borrow more money to cover its bills, is taking steps to calm wary investors.

  • Inside Puerto Rico's looming debt threat Tuesday, 15 Oct 2013 | 4:07 PM ET
    File Photo: Resident Commissioner Pedro Pierluisi (C) of Puerto Rico speaks alongside U.S. Rep. Jose Serrano (R), Democrat of New York, and Puerto Rican activists.

    Puerto Rican government representatives held a presentation for investors, as the commonwealth tries to calm them about its debt load.

  • Puerto Rico has $70 billion in debt. CNBC's Michelle Caruso-Cabrera reports Puerto Rico officials are making a presentation to assuage investor concerns.

  • No way to hedge against these two risks: Kyle Bass Wednesday, 9 Oct 2013 | 10:59 AM ET
    Kyle Bass, founder of Hayman Capital.

    If the US defaults on its debt, there's nothing much you can do to hedge against it, says Kyle Bass of Hayman Capital Management.

  • Bass: Can't hedge from default     Wednesday, 9 Oct 2013 | 10:40 AM ET

    Kyle Bass of Hayman Capital Management does not believe the country will default but says there's nothing you can do to protect yourself if it does.