An economic perfect storm is battering emerging markets. Debt crises loom
With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.
Debt crisis
A Debt Crisis Seems To Have Come Out Of Nowhere
Two dozen countries are at risk. What's behind this looming disaster? And can it be fixed?
House Approves Bipartisan Bill To Address Puerto Rico's Debt Crisis
The bill, which still needs to be approved by the Senate, would appoint a seven-person board that could restructure the territory's debts. Puerto Rico owes more than $70 billion.
Puerto Rico Passes Law That Freezes The Island's Debt Payments
The measure delays payments on Puerto Rico's debt load, which is now more than $70 billion, until January 2017. Creditors say the measure violates prior agreements and the island's constitution.
As Debt Talks Hit An Impasse, What's Next For Puerto Rico?
Negotiations to restructure the U.S. territory's significant debt hit a speed bump Friday. As Congress considers its next step, economist Rosario Rivera explains the origins of the financial crisis.
Congress' Funding Package Offers No Debt Assistance To Puerto Rico
Struggling under a $72 billion debt, the territory asked for a legal change allowing it to file for some form of bankruptcy. But lawmakers have left that language out of their tax-and-spending deal.
White House Proposes Plan To Help Puerto Rico Emerge From Debt Crisis
The commonwealth faces a budget shortfall of $28 billion over the next five years.