A study by the Mercatus Center at George Mason University released Wednesday showed that on the basis of its fiscal solvency in five separate categories, Puerto Rico ranks 51st among the U.S. states and the ...
Puerto Rico is facing a severe fiscal crisis. Observers agree that the island’s public entities are unable to repay their debts on time and in full, making default and debt restructuring inevitable.
Center for a New Economy representatives on Thursday stressed the urgency for Congressional action, but cautioned that any bill approved in Washington must provide Puerto Rico with a debt restructuring mechanism “that will actually work.”