Governor Alejandro Garcia Padilla has signed into law a bill that would restructure Puerto Rico's debt-laden electric utility in a positive move to ease the country's financial woes.
Puerto Rico's financial situation is getting worse and the government recently announced that they are revising a fiscal and reform plan. U.S. Treasury Secretary also urged the Congress to pass legislation in order to help Puerto Rico in its financial crisis.
A desire for its own sovereignty. This is the call of Puerto Rico to the United States, asking them of their very own sovereign state.
After its defaults, Puerto Rico may be facing a lawsuit soon. Puerto Rico is currently preparing itself for lawsuits that its creditor will be imposing after their second default in just five months.
