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Time to negotiate Puerto Rico's debt

Given Puerto Rico's present economic outlook, the island will be unable to pay its debt. Creditors need Puerto Ricans to stay put on the island and pay more taxes in order to fulfill the debt...

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Solving the Puerto Rico Electric Power Authority debt problem

Puerto Rico and its various government entities owe creditors $72 billion, an enormous debt that Gov. Alejandro García Padilla has described as "unpayable." Over 11 percent of that total is owed by the...

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For Puerto Rico debt crisis, the can hits the end of the road

Confronting problems is painful politically, and so kicking such cans down the road is a Beltway tradition. Why endure pain in the here-and-now when delay is an option that just might dump the given...

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An emerging consensus on Puerto Rico's debt

There is emerging consensus on Puerto Rico's debt. It involves some form of a federal financial-control board, a legal structure for debt restructuring and somewhat better treatment of Puerto Rico on...

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Puerto Rico, wealth redistribution and a needed control board

The Puerto Rico debt mess now has arrived on Congress's agenda, a sure sign that some perceive gains from politicizing it. "Politicizing it" means using the issue to transfer wealth to favored...

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What would a Puerto Rican bankruptcy look like?

Puerto Rico has been enmeshed in a recession for a decade, and the attendant revenue decline has wreaked havoc with its budgets, a fact that a series of governors have done their best to paper over....

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Don't let a fiscal control board haircut Puerto Rico's debt

Despite everyone's fervent wishes that the Puerto Rican government eschew crass politics and offer its citizens a realistic reform plan, the sad reality is that this isn't going to happen. A fiscal...

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Congress has a constitutional duty to fix Puerto Rico debt crisis

The continuing conundrum of GOP leadership is perfectly expressed in the debate over proposed legislation to allow Puerto Rico to restructure its crushing $72 billion debt. According to all reports,...

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