What will be the next bail out? If you guessed disability, social security or related services, you are wrong.
President Obama is looking to throw nearly bankrupt Puerto Rico a financial lifeline, but the Republican-controlled Congress may be in no mood to offer anyone a bailout.
Obama administration officials proposed a plan to assist the Commonwealth of Puerto Rico that is not a direct federal bailout, but that should be enough to give the beleaguered island nation some breathing room.
RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund letters, conferences and more Dear Co-Investors,
The new plan calls for the creation of a new territorial bankruptcy regime for the commonwealth and new fiscal oversight on Puerto Rico and its $72 billion debt. The President’s ambitious plan offer a way forward in a very sticky situation. However, it also needs a Republican-led Congress commited to budgetary restraint to sign onto the deal.