Alejandro Garcia Padilla

While investors the world over are worrying about the outcomes of the Greece debt crisis, investors back home in the U.S. received another shock when Puerto Rican Governor Alejandro García Padilla announced on Monday that the small territory is facing problems in paying its nearly $72...

Puerto Rico's governor says the U.S. territory is looking to renegotiate the terms of its $72 billion public debt it reaches the brink of financial insolvency. Governor Alejandro García Padilla told the New York Times that he "would love to have an easier option. This is not...

According to Puerto Rico Governor Alejandro Garcia Padilla, the country can no longer make payments on its $73 billion in debt, warning the island is perilously close to entering a "death spiral." In an interview published Sunday in the New York Times, Gov. Garcia Padilla stated,...