Puerto Rico board reaches tentative deal to partly reduce public debt

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A federal control board that oversees Puerto Rico’s finances announces it has reached an agreement in principal with creditors to reduce a portion of the U.S. territory’s more than $70B public debt load.

Feb. 10, 2021, 10:35 PM UTCSAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances announced Wednesday that it has reached an agreement in principal with creditors to reduce a portion of the U.S. territory’s more than $70 billion public debt load.

The board said the tentative deal followed a mediation process with creditors holding some $7 billion worth of general obligation and Public Building Authority bonds issued by the U.S. territory.

 

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I think you mean an agreement in PRINCIPLE, not principal.

Statehood for Puerto Rico 🇵🇷

Puerto Rico statehood they have been treated as if they were second-rate citizens of this country for far too long and Trump exemplified and exacerbated that issue with his treatment of them after Hurricane Maria they still have not received the aid that was designated for them.

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