Puerto Rico will likely receive $250 million in federal funds from the U.S. to combat the growing number of Zika cases in the Caribbean island.
Democrats in the US Senate have expressed their plan to help Puerto Rico with its current crisis through congressional action, which will restructure the country's debts.
Puerto Rico’s ninth year of recession has significantly impacted the number of children enrolling in the Caribbean island’s schools.
The debt deadline for Puerto Rico Electric Power Authority was extended for a few more days as creditors decided to provide a short reprieve to the country in an effort to restructure its $8.2 million debt.
The choice between giving employees and workers Christmas bonuses, or paying the country's more than $900 million debt is something that Puerto Rico Governor Alejandro Garcia Padilla needs to make.
After the Puerto Rico governor admitted that the country has run out of cash because of its $70 billion debt, the US Congress has thought of some ways to remedy the situation.
With the current debt crisis in Puerto Rico, Governor Alejandro Garcia Padilla is slowly losing the backing of his own party.
A major debt service deadline prompts fears that Puerto Rico will default on some of its bonds builds.
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