George Pataki, former New York governor, discusses the problems with Puerto Rico's debt crisis and what the Trump administration could do to help.
CNBC's Leslie Picker, and Hector Negroni, Fundamental Credit Opportunities, discuss Puerto Rico's vote to become the 51st state, and its financial woes.
Voters in Puerto Rico on Sunday have approved a plebiscite to ask the U.S. Congress to approve it as the 51st state as only 23 Percent of eligible voter participated.
On an island with half the population in poverty, many are seeing their saving accounts wiped out, with thousands of dollars in losses.
CNBC's Leslie Picker talks to Puerto Rican residents ahead of their vote to become a US state on Sunday.
CNBC's Leslie Picker reports on Puerto Rico heading to the polls to vote on U.S. statehood and other options.
Puerto Rico heads to the polls for the second time in five years to weigh in on the island's relationship with the U.S.
CNBC's Leslie Picker reports Puerto Ricans are headed to the polls to vote on how the future of the island will be governed.
Ricardo Rossello, the Governor of Puerto Rico, talks to CNBC's Leslie Picker about the U.S. Territory's upcoming vote on statehood. Rossello talks about the push to become the 51st state ahead of the island's fifth plebiscite vote on Sunday, the status of negotiations with the island’s bondholders after filing for the largest ever US municipal bankruptcy in May, and the “new paradigm” of having the island’s finances overseen by the federally appointed 7 member oversight board.
Puerto Rico's bankrupty will be the largest municipal bankruptcy in U.S. history, easily surpassing Detroit's default, NBC reports.
Puerto Rico will face investors for the first time in a bankruptcy court, as it kicks off the most divisive debt restructuring in U.S. public finance history.
Wall Street's hedge funds bet big on Puerto Rico's debt, which may not be as good a bet as they thought.
The island of Puerto Rico is struggling to pay its creditors just as much as its teachers and police officers, N.Y. Times reports.
Gov. Ricardo Rossello announced that he had requested that the federally appointed Oversight Board trigger Title III of the Promesa Act.
Gov. Ricardo Rossello said Wednesday that a federal control board overseeing the island's finances has agreed with his request
CNBC's Leslie Picker reports that Puerto Rico has announced intent to trigger restructuring of the territory's debt to bondholders.
Puerto Rico was hit with several bondholder lawsuits as the commonwealth failed to reach a restructuring agreement with creditors.
CNBC's Leslie Picker reports that Puerto Rico is likely to face lawsuits from creditors over nonpayment of its outstanding debt.
U.S. lawmakers have agreed on a deal to avert a government shutdown.
Under the agreement, new taxes will be imposed but public workers will be spared from furloughs for now, New York Times reports.