Tag Archives: Puerto Rico

Puerto Rico is $70 billion in debt, has missed $37 million in payments and is now a bankrupt U.S. territory being sued by its creditors.

Gubernatorial Chief of Staff Victor Suarez said at a news conference that the island's Public Finance Corporation could not meet the payment due Saturday. "We don't have the money," he said, adding that the government still hopes to reach an agreement with creditors on renegotiating its debts.