Bankrupt Puerto Rico eyes new debt policy, will pay holiday bonus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Puerto Rico would place restrictions on its future debt sales under proposed leg...

SAN JUAN - Puerto Rico would place restrictions on its future debt sales under proposed legislation that won praise on Tuesday from the bankrupt U.S. commonwealth’s federally created financial oversight board.

Under legislation backed by Governor Wanda Vazquez Garced, the Puerto Rico Fiscal Agency and Financial Advisory Authority would be charged with developing a policy for the government and its public corporations that sets a limit on tax-backed debt. “Upon the possibility and need that the government returns to capital markets and in accordance with our public policy, this law establishes uniform and responsible processes for any future debt issuance,” the governor said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Rudy is the enforcer holy mackerel - I like the dirty dancing saying nobody puts lev in the corner ! No server in Ukraine that’s ridiculous look at the digital evidence I’m speechless !!!

Billionaire Seth Klarman one of the largest holders of Puerto Rico's Debt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Family outraged after college student with ID from Puerto Rico couldn't buy cold medsCollege student says CVS employee grilled him about his immigration status, even asking him for his visa, and denied over-the-counter cold medicines because his driver's license showed he was from Puerto Rico. The dumbing down of America. Another reason Puerto Rico should be its own country. This is the syphilitic apes realDonaldTrump America We need to get out and vote next November and get this absolute disaster out of the White House. GetOutAndVote
Source: NBCNews - 🏆 10. / 86 Read more »

Puerto Rican Astrologer Walter Mercado Has DiedWalter Mercado, the exuberant Puerto Rican astrologer whose consejos reached millions of viewers in the U.S. and Latin America, has died. He was 87. I think that's a different person in the pic. I used to watch him deliver the horoscopes on tv when I was in college. Very entertaining. RIP
Source: Jezebel - 🏆 153. / 63 Read more »

Walter Mercado, an iconic Puerto Rican astrologer and celebrity, dies at 88The flamboyant television personality became an endearing and legendary figure in Spanish-speaking households, watched by generations during his 50-year career. Surprise. The world is a little less grifty Damn! He looked good for his age (don’t tell me about the surgeries, everyone knew)
Source: NBCNews - 🏆 10. / 86 Read more »

Chartbreaker: Guaynaa Thought He'd Study Engineering, Then Landed a Stateside HitThis month's Chartbreaker, Guaynaa_, was working toward a chemical engineering degree, but then he landed a stateside hit
Source: billboard - 🏆 112. / 63 Read more »

Here's who's most likely to go into debt over the holidays – and the steps they can take to reduce those burdensChances are you have more spending obligations this season, and that may mean taking on more debt. With so many credit card holders already carrying balances, consider these moves so that you're not drowning in debt come January. Nope because I have all I need already Health and strength & saving $$$ The debt for Christmast Holiday. Remember your Credit Cards Bills. Nonsense, debt doesn’t matter anymore. Time to lever up!
Source: CNBC - 🏆 12. / 72 Read more »