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  • Puerto Rico default Q&A: 'Sell right now' Tuesday, 28 Jul 2015 | 11:18 AM ET
    The Puerto Rican flag flies near the Capitol building as the island's residents deal with the government's $72 billion debt on in San Juan, Puerto Rico

    As another key debt payment date closes in, here's a primer on what you should know, and who it will impact the most ahead of this week's deadline.

  • NEW YORK— Here we go again. One worry after another has hit the municipal bond market in recent years, from a high-profile 2010 prediction for a wave of defaults to Detroit's 2013 bankruptcy filing, the largest in U.S. history. The latest concern is actually an old one: The governor of Puerto Rico said last month that the island, whose economy and population have been...

  • Yields reach 5.77 pct in initial Chicago bond pricing Thursday, 16 Jul 2015 | 10:02 AM ET

    CHICAGO, July 16- Underwriters initially priced $347 million of Chicago tax-exempt general obligation bonds on Thursday, with yields topping out at 5.77 percent for bonds due in 2039 with a 5.50 percent coupon, according to a pricing scale obtained by Reuters. Chicago is selling the tax-free bonds a day after nearly $743 million of taxable GO bonds were priced...

  • Puerto Rico fails to pay bond interest & principal Thursday, 16 Jul 2015 | 6:17 AM ET
    Capitol building in San Juan

    Puerto Rico failed to transfer funds to pay the principal and interest on its bonds, as the island tries to restructure its debt.

  • Pension fallout hits Chicago bonds, Cook County tax rate Wednesday, 15 Jul 2015 | 5:46 PM ET

    CHICAGO, July 15- The inability to curb public pension costs in Illinois led its biggest county to hike the sales tax rate on Wednesday and left its largest city, Chicago, facing hefty interest rates for its bonds. Underwriters priced nearly $743 million of taxable Chicago general obligation bonds with yields topping out at 7.98 percent for debt maturing in...

  • NEW YORK, July 13- Puerto Rico pleaded with creditors on Monday not to engage in lengthy litigation over its $72 billion debt, but provided little information about how a debt restructuring would affect them. Some top bondholders have already taken Puerto Rico to court over a restructuring law passed last summer which would have affected the island's public...

  • Puerto Rico bondholders meeting kicks off Monday, 13 Jul 2015 | 2:43 PM ET
    Puerto Rico bondholders meeting kicks off

    CNBC's Kate Kelly reports from the Citigroup building in Manhattan where hundreds of people are expected to hear about Puerto Rico's debt situation.

  • Puerto Rico's debt: What we know Monday, 13 Jul 2015 | 2:43 PM ET
    Puerto Rico's debt: What we know

    Discussing the potential ripple effect to investors from Puerto Rico's debt issues, with Andrew Gadlin, Odeon Capital Group.

  • Puerto Rico's next move Monday, 13 Jul 2015 | 1:08 PM ET
    Puerto Rico's next move

    The third "deal or no deal" situation involves Puerto Rico. Alexandra Lebenthal, Lebenthal Holdings, discusses the tough month for Puerto Rican bonds. CNBC's Kate Kelly provides perspective.

  • NEW YORK, July 13- Investors in Puerto Rico hope to get specific information about how the commonwealth plans to restructure debt when government officials meet with creditors on Monday, but there are fears that any bungled messaging could knock bond prices. Puerto Rico Governor Alejandro Garcia Padilla dropped a bombshell on holders of its $72 billion debt...

  • What Puerto Rico meeting means for investors Friday, 10 Jul 2015 | 3:06 PM ET
    Alexandra Lebenthal, president and CEO of Lebenthal & Co.

    Alexandra Lebenthal explains what investors should expect from the U.S. territory's coming meeting with its creditors.

  • If Puerto Rico were a state Friday, 10 Jul 2015 | 1:45 PM ET
    If Puerto Rico were a state

    Insight to Puerto Rico struggling with debt payments and a weak economy, with Alexandra Lebenthal, Lebenthal Holdings President and CEO.

  • Puerto Rico passed the so-called Recovery Act last year to give certain public corporations, with around $20 billion in debt, the ability to restructure financially in an orderly process. Puerto Rico is currently struggling with a total debt load of around $72 billion, which it says it is unable to pay. The Recovery Act was struck down by a federal court in Puerto...

  • Puerto Rico passed the so-called Recovery Act last year to give certain public corporations, with around $20 billion in debt, the ability to restructure financially in an orderly process. Puerto Rico is currently struggling with a total debt load of around $72 billion, which it says it is unable to pay. The Recovery Act was struck down by a federal court in Puerto...

  • SAN JUAN, Puerto Rico, July 3- A key bill that will boost Puerto Rico's cash flow was signed into law Friday, the governor's office said, allowing the commonwealth to raise $400 million in Tax& Revenue Anticipation Notes from three public insurance corporations. Government officials have said Puerto Rico needs about $1.2 billion in cash to operate during the...

  • Look at your top ten holdings: Lebenthal Thursday, 2 Jul 2015 | 1:04 PM ET
    Look at your top ten holdings: Lebenthal

    Alexandra Lebenthal, Lebenthal Holdings, joins "Power Lunch" to discuss Puerto Rico's bond crisis.

  • July 1- Municipal bond researchers at Franklin Templeton, whose funds are among the largest owners of Puerto Rico debt, on Wednesday predicted a "long and costly" legal battle as the Caribbean nation tries to restructure more than $70 billion in obligations. "At the very least, in our assessment, Puerto Rico can expect creditors to seek legal affirmation and...

  • FRANKLIN TEMPLETON ANALYSTS DON' T SEE PUERTO RICO'S PROBLEMS SPILLING OVER INTO THE REST OF U.S.

  • Forget Gov. Christie, watch NJ credit: Jim Grant Wednesday, 1 Jul 2015 | 11:55 AM ET
    Republican U.S. presidential candidate and New Jersey Governor Chris Christie arrives on stage to make the formal announcement of his campaign for the 2016 Republican presidential nomination at Livingston High School in Livingston, New Jersey, June 30, 2015.

    New Jersey is a "wonderful window" into world credit problems, said market-watcher Jim Grant, a day after Gov. Christie announced a presidential run.

  • Progress made in Puerto Rico debt impasse: Source Wednesday, 1 Jul 2015 | 8:25 AM ET
    Progress made in Puerto Rico debt impasse: Source

    CNBC's Kate Kelly reports utility company PREPA is nearing a deal to cover a $416 million payment.