FILE PHOTO: The flags of the U.S. and Puerto Rico fly outside the Capitol building in San Juan, Puerto Rico May 4, 2017. REUTERS/ Alvin Baez
- Puerto Rico would shed about $24 billion of debt and move closer to exiting bankruptcy under an agreement with bondholders announced on Sunday by the U.S. commonwealth’s federally-created financial oversight board. The deal cuts $35 billion of bonds and claims to about $11 billion and increases the ranks of general obligation and Public Buildings Authority bondholders that signed onto a plan to restructure core government debt and more than $50 billion in pension obligations that the board filed in U.S. District Court in September.
Source: Loan Digest (loandigest.net)
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:
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.
House passes Puerto Rico aid in face of Trump veto threatThe Democratic-controlled House has passed a $20 billion-plus aid package for Puerto Rico, where a swarm of earthquakes last month set back the island territory's slow, troubled recovery from the hurricane devastation of 2017 more wasted money on that corrupt nation Yeah but is that ALL that’s in the bill? And who’s gonna be administrating the recovery? The warehouses full of rotting aid makes me a little worried.
Source: ABC - 🏆 471. / 51 Read more »
'Birds of Prey' actress Rosie Perez: Real-life super heroes are her fellow Puerto RicansWhen it comes to the real and fictional heroes who inspire her, 'Birds of Prey' actress Rosie Perez is mostly awestruck by her fellow Puerto Ricans — everyday people who rose up heroically to demand and get justice on the island. - NBCLatino NBCLatino Its always a revolution of self enslavement. Justice, social justice, equality... a road to hell paved by good intentions.. the banners of wonderful vision to snare. Communists are cruel and demented NBCLatino Saw the movie tonight and it was horrible beyond words. No matter what your tast in movies this was an abomination. NBCLatino Want to see this film ⭐️
Source: NBCNews - 🏆 10. / 86 Read more »
House passes Puerto Rico aid in face of Trump veto threatThe Democratic-controlled House has passed a $20 billion-plus aid package for Puerto Rico, where a swarm of earthquakes last month set back the island territory's slow, troubled recovery from the hurricane devastation of 2017 more wasted money on that corrupt nation Yeah but is that ALL that’s in the bill? And who’s gonna be administrating the recovery? The warehouses full of rotting aid makes me a little worried.
Source: ABC - 🏆 471. / 51 Read more »
Trump's New Budget Goes After Social Safety Net ProgramsThe budget calls for cuts to Medicaid and food stamps while asking tax-payers to pay billions for the president’s wall He has been doing that for years. So basically people are going to have to use their own money if they want something! .. 90% of the ppl at his rallies will be affected negatively by this but they'll still cheer him on anyways .. Murica
Source: RollingStone - 🏆 483. / 51 Read more »
Trump Proposes Massive Cuts to Safety Net Once AgainLast week, Trump told the nation, 'We will always protect your Medicare and your Social Security.' That message was not part of his budget proposal for fiscal year 2021.
Source: NYMag - 🏆 111. / 63 Read more »