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.
Puerto Rico's governor unveiled an extraordinary fiscal measure in order to avoid defaulting on its debt.
CNBC's Kate Kelly details what is in store for Puerto Rico in the coming weeks and the territory's financial state after paying its debt in full.
CNBC's Kate Kelly reports a critical debt payment is due from Puerto Rico today.
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Over the next two weeks, Puerto Rico will decide its next move to combat its debt problems, with Larry McDonald, Societe Generale.
Money managers, value investors and analysts are eyeing Dec. 1, when $355 million of notes issued by the Government Development Bank come due.
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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.
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Puerto Rico has a lot of work ahead before it can count on help from Washington, congressional leaders said at a hearing.