Bonds

Puerto Rico bonds sink; White House says no debt bailout

President Donald Trump helped sink Puerto Ricans bond prices with talk of wiping out the U.S. territory's debt but his budget director dismissed the idea of a bailout Wednesday as the bankrupt island fights to recover from Hurricane Maria.

Puerto Rico bonds sink; White House says no debt bailout

President Donald Trump helped sink Puerto Ricans bond prices with talk of wiping out the U.S. territory's debt but his budget director dismissed the idea of a bailout Wednesday as the bankrupt island fights to recover from Hurricane Maria.

GOP budgets to permit first steps on tax overhauls

Congressional Republicans on Wednesday kicked off debate on House and Senate budget plans that promise slashing cuts to social programs — but whose real purpose is to grease the skids for a sweeping overhaul of the U.S. tax code that would add up to $1.5 trillion to the nation's spiraling debt.

GOP budgets to permit first steps on tax overhauls

Congressional Republicans on Wednesday kicked off debate on House and Senate budget plans that promise slashing cuts to social programs — but whose real purpose is to grease the skids for a sweeping overhaul of the U.S. tax code that would add up to $1.5 trillion to the nation's spiraling debt.

Puerto Rico benchmark bond drops to record low after Trump remark

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.

Puerto Rico benchmark bond drops to record low after Trump remark

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.

GOP panel chief not saying yet if tax cuts retroactive

One of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn't yet saying whether promised cuts under the plan would be retroactive to the start of the year.