September 4, 2015

Clinton Calls on GOP To Let Puerto Rico Use Chap. 9 Bankruptcy

Congress needs to give authority to let "severely distressed" public corporations and municipalities restructure their debts, Hillary Clinton says at event in Puerto Rico ""Not a single Republican has stepped up in Washington to support the leaders in Puerto Rico. And they're not offering any alternatives either. And that is unacceptable" NOTE: Puerto Rico's Public Finance Corp failed to pay bondholders an additional $4m of interest due Sept. 1, the agency disclosed today Puerto Rico's Governor

Source: Bloomberg.com news