U.S. lawmaker's race to pass a rescue bill to aid Puerto Rico has stalled as a perilous debt deadline approaches for the territory.
House Democratic leader Nancy Pelosi says lawmakers in the House are making progress on a measure to address Puerto Rico's debt; the Chairman of the Ukrainian Parliament was elected PM; and Rutgers announced President Obama will deliver the graduation address, reports CNBC's Sharon Epperson.
Rep. Sean Duffy, Wisconsin republican, introduced a bill allowing Puerto Rico to restructure their debt. Hector Negroni, Fundamental Credit Opportunities co-CEO, explains why this bill is harmful.
Gov. Alejandro Garcia Padilla declared a state of emergency at the Government Development Bank.
The dude behind the hit Broadway show about America's first Secretary of the Treasury is lobbying to keep him on the $10 bill.
With the start of the April rainy season looming, time is running out to stem the spread of the disease, The Washington Post reports.
"The urgency could not be more apparent," Antonio Weiss, the third-ranking official at the Treasury Department, said during a hearing.
Ken Buckfire, Miller Buckfire President and managing director, weighs in on Puerto Rico's debt.
Puerto Rico's government cited "substantial doubt" about its ability to continue as a going concern, in a draft of its FY 2014 financial report.
The U.S. is not facing another financial crisis and the market's overreaction could be a value opportunity, hedge fund manager John Paulson says.
Two of the biggest players in the battle over Puerto Rico's massive $70 billion debt load came face to face on Thursday.
CNBC’s Michelle Caruso-Cabrera reports live from the Puerto Rico investment summit with Nader Tavakoli, Ambac CEO, to discuss the impact of Puerto Rico's debt crisis.
James Millstein, CEO of Millstein & Co. speaks with CNBC's Michelle Caruso-Cabrera in Puerto Rico over the future of bonds and debt in the territory.
Centers for Disease Control predicts Zika virus cases may surge in Puerto Rico and other U.S. territories, New Jersey governor Chris Christie is expected to drop out of the presidential race, extreme weather as seen from the International Space Station, and a record number of hopefuls applied to be in Harvard's class of 2020. CNBC's Sue Herera reports.
Puerto Rico has been hit by 19 cases of the mosquito-borne Zika virus. This may be the last thing the heavily indebted island needs.
Puerto Rico asked creditors for a deep aggregate discount of around 45 percent on their debt, two sources familiar with the situation said.
Former senator cautions Alaskan legislators to stay away from short-term financial solutions as the price of oil continues to decline.
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.