Latin America

Mick Mulvaney: No Federal bailout for Puerto Rico

Office of Management and Budget Director Mick Mulvaney on Wednesday said President Trump's comments on Puerto Rico's debt does not indicate that the federal government is involved in its bond situation.

Mick Mulvaney: No Federal bailout for Puerto Rico

Office of Management and Budget Director Mick Mulvaney on Wednesday said President Trump's comments on Puerto Rico's debt does not indicate that the federal government is involved in its bond situation.

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.