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.
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.