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Puerto Rico is now facing a $16 billion financing gap over the next five years, up from the $14 billion originally projected in September.
The CEO of Puerto Rican insurance company Ambac fired back at his critics in an exclusive interview with CNBC.
Ambac CEO Nader Tavakoli explains why his firm filed suit against Puerto Rico.
Puerto Rico's debt crisis entered a new phase when two of the island's top insurers filed a lawsuit challenging a step taken to pay bondholders.
Insurers of Puerto Rican bonds sued the U.S. commonwealth over its recent debt default.
Bankruptcy policies lawmakers are considering for Puerto Rico could have a chilling effect on the muni bond market, according to a major investor.
Discussing the real problem for Puerto Rico's economy, with James Spiotto, Chapman Strategic Advisors managing director.
Puerto Rico Gov. Alejandro Garcia Padilla addresses his country's handling of its debt problems and latest default in an exclusive CNBC interview.
After defaulting on its debt payments, Puerto Rico is scrambling for solutions, reports CNBC's Kate Kelly.
Puerto Rico's short-term fiscal crisis has been building for years, and the long-term outlook remains grim.
Puerto Rico confirmed it would default on some $36 million of debt payments, reports CNBC's Kate Kelly.
Top officials for the commonwealth have confirmed that it will not be able to make two out of the 13 total payments due Monday to bondholders.
Larry McDonald, Societe Generale head of U.S. strategy, discusses the impact of Puerto Rico defaulting on its debt.
CNBC's Kate Kelly reports Puerto Rico will default on a relatively small portion of its debt payments.
Puerto Rico has about $70 billion in outstanding government debt but might not be able to pay it all off in time, reports CNBC's Kate Kelly.
Puerto Rico should take a page out of New York City's playbook, Alexandra Lebenthal says.
Puerto Rico started paying Christmas bonuses to public employees and aims to complete the process within the next three days.
Puerto Rico's governor says that the island will default on its debt in January or May.
No bailout or bankruptcy court included. The New York Times reports.
Puerto Rico's governor unveiled an extraordinary fiscal measure in order to avoid defaulting on its debt.