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Puerto Rico needs more than bankruptcy protection. Policy makers have to start thinking long term, says Douglas Holtz-Eakin.
Simply filing for Chapter 9 will not be enough to patch up Puerto Rico's problems, says Jorge San Miguel. This is what the island really needs.
Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.
Without federal action, Puerto Rico "could easily become a humanitarian crisis," a top Treasury counselor said on Capitol Hill.
Puerto Rico's Government Development Bank for Puerto Rico said "the discussions did not result in a mutually acceptable arrangement."
Authorities believe a cargo ship missing with 33 crewmen aboard was lost at sea and believed to have sunk in the teeth of Hurricane Joaquin.
A $310.5 million Powerball lottery jackpot is waiting to be claimed on a single ticket bought in a Shell gas station in southwestern Michigan.
Puerto Rico has a lot of work ahead before it can count on help from Washington, congressional leaders said at a hearing.
Puerto Rican officials are proposing a huge raft of changes to address their island's $72 billion debt burden.
CNBC's Kate Kelly reports on Puerto Rico's plan to address its $72 billion debt burden.
The way each of the debt deadlines played out may leave holders of Puerto Rico's paper with more questions than much-needed answers.
Puerto Rico is asking for a "rain delay" in its debt restructuring proposal, reports CNBC's Morgan Brennan.
Puerto Rico faces three major debt-related deadlines next week, all with potentially severe monetary consequences.
Jim Cramer discusses the headwinds faced by Macy's this quarter and questions whether investors should even buy bricks-and-mortar stocks anymore.
As Puerto Rican debt grows riskier, investors seeking high yield should seek out individual projects, a top bond analyst said.
How to play Puerto Rico's debt crisis, with Shawn O'Leary, Nuveen Asset Management.
Puerto Rico's job base continues to shrink, taking its economy along with it.
CNBC's Kate Kelly reports the latest out of Puerto Rico regarding their debt payments as Moody's now views Puerto Rico in default.
Puerto Rico's Government Development Bank announced that it was only able to make a partial payment on its Public Finance Corporation debt.
CNBC's Kate Kelly reports the latest developments out of Puerto Rico and their debt payments.