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Trump Puerto Rico magic light (Mandel Ngan / AFP / Getty)

Trump Puerto Rico Debt Wipe-out Crushes Wall Street

Bankrupt Puerto Rico’s bond prices plunged by over 30 percent after the White House confirmed President Donald Trump’s commitment to not bailing out Wall Street speculators who bought Puerto Rican debt.

Ricardo Rossello

Puerto Rico Governor Ricardo Rossello Secures $295 Million in Budget Agreement

San Juan – Puerto Rico Governor Ricardo Rossello made headlines in the territory when he defended the island’s request for more Medicaid funding after President Donald Trump blasted the proposal as a “bailout.” But behind the scenes, the governor is working closely with the Trump administration to win more fiscal support.

Puerto Rico bailout (Kathy Willens / Associated Press)

Puerto Rico to File Largest Public Sector Bankruptcy in History

Puerto Rico is set to file the largest public sector bankruptcy in history after vulture capitalist hedge funds that bought big pieces of the island’s $73 billion in defaulted debt for pennies-on the-dollar refused to take $24 billion haircut.

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Obama Appoints Puerto Rico Control Board after Bond Default

The Obama administration has picked seven people to serve on a financial control board overseeing the restructuring of the Commonwealth of Puerto Rico’s $70 billion debt burden and $43 billion unfunded pension liability. Under congressional legislation signed after the island