Puerto Rico debt-restructuring bill advances amid criticism
Puerto Rico’s Senate and House approved a bill Tuesday that would slash the central government’s debt by half but has also sparked protests and led to fiery exchanges between lawmakers and a federal control board that oversees the U.S. territory’s finances. Read also U.S. Pension Risk Transfer Market Hits an Estimated $16 Billion in Q3, Second Largest Reported Quarter to Date The bill aims to end a bankruptcy-like process that began after Puerto Rico announced in 2015 that it could not...
