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$129 Billion Puerto Rico Bankruptcy Plan Could Be Model for States

Puerto Rico government general obligation bonds issued in: Dec. 2012 Moody’s downgrades Puerto Rico’s general obligation bonds to one notch above junk status, sending the bonds’ values lower. Feb. 2014 Values fall again when the general obligation bonds are downgraded to junk status. June 2015 Bond prices tumble further as …

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Trump joked about trading Puerto Rico for Greenland, report says

Donald Trump joked about trading Puerto Rico for Greenland during a year-long private discussion about purchasing the Danish territory, a report has claimed. It comes amid an international row over the president’s handling of Denmark’s opposition to the deal, during which he has lashed out wildly at the Scandinavian nation despite …

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HUD Delays Disaster Preparation Money for Puerto Rico

WASHINGTON — The Trump administration said on Friday that it would delay about $9 billion in disaster prevention funds to Puerto Rico and the United States Virgin Islands, distributing the money separately from funds for nine states, citing concerns over corruption and fiscal management. The funds are part of $16 …

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