October 26, 2015

US Treasury Pushes Unprecedented Bankruptcy Plan For Puerto Rico

WASHINGTON, USA — At Thursday’s US Senate Energy and Natural Resources Committee hearing, Puerto Rican Governor Alejandro Garcia Padilla and Antonio Weiss of the US Treasury Department asked Congress for unprecedented bankruptcy measures for Puerto Rico, including allowing Puerto Rico to walk away from its constitutional debt.

As the New York Times reported, no state has the ability to restructure constitutional, or full faith and credit debt,.. Read more.

Curaçao Chronicle

Related,
Senate Panel Is Chilly to Puerto Rico’s Pleas and Obama’s Aid Plan - NY Times
Obama backs special bankruptcy protection for Puerto Rico - Washington Post

Save Puerto Rico Before It Goes Broke - NY Times

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