Rep. Alexandria Ocasio-Cortez condemned the corporate profiteering of "vulture funds" during a hearing, spotlighting how ...

Puerto Rico has also been grappling with negotiating the restructuring of debt with creditors owed $120 billion in bond and pension obligations, after the Puerto Rican government declared the debt ...

Op-Ed: Puerto Rico needs more than an AOC-inspired morale boost to recover from its disasters A view of the plastic tarps in the Barrio Obrero area of San Juan, Puerto Rico, where many homes have ...

U.S. District Judge Laura Taylor Swain ruled on Tuesday that the bondholders weren’t entitled to any recovery from Puerto Rico on their debt bonds, as their claims arose from the “purchase or sale of ...

Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) led more than a dozen lawmakers in a call to reverse the crippling austerity imposed on Puerto Rico.

Puerto Rico’s government is suing a private power company, claiming it is responsible for damages to appliances caused by ...

Puerto Rico AOC, Dems rally to free Puerto Rico of its ‘colonial bonds,’ give it statehood option The bill could struggle to find votes in the Senate so close to the end of the legislative session ...

SAN JUAN, Puerto Rico - Puerto Rican officials warned Monday the island's default on a $422 million bond payment is only the beginning if the U.S. Congress doesn't help resolve the situation soon ...

Eleven years later, Puerto Rico debt has skyrocketed to $70 billion — and that's not even counting the $43.2 billion it owns its own people in pension payments.

In late June, Puerto Rico Governor Alejandro García Padilla made a worrisome announcement that the island cannot pay back its $72 billion in public debt, the New York Times reported. Padilla and ...

The day after the law was signed, the island’s governor, Alejandro Garcia Padilla, suspended nearly $2 billion of debt payments that Puerto Rico was supposed to make.