Search This Blog

6/29/16

Puerto Rico Restructuring Bill Passed in Procedural Senate Vote


http://youtu.be/AWMypW-hgt4
A restructuring bill for Puerto Rico's debt passed a key procedural vote in the U.S. Senate Wednesday, which increases the likelihood that the legislation will be approved in a final vote. The bill aims to restructure Puerto Rico's massive $72 billion in debt. The island faces a debt payment on Friday, and is widely expected to default on that debt. Natalie Cohen, managing director of Municipal Securities Research at Wells Fargo, says the bill will give Puerto Rico time to restructure its finances. She says many mutual funds holding Puerto Rican debt have already sold it, but some funds still holding the debt could see some losses. She doesn't expect a widespread ripple through the muni market however, and notes there's been an increase in foreign investment into U.S. muni bonds. Subscribe to TheStreetTV on YouTube: http://bit.ly/1SlDbUa For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://bit.ly/1OlNovU Follow TheStreet on LinkedIn: http://bit.ly/1SlDbUc Follow TheStreet on Google+: http://bit.ly/1OlNovV


We are seeking people who want to help start an Tiny House Ecovillage, In Oklahoma. The goal is to help homeless and low income.

No comments:

Post a Comment

For Purchases and Marketing help, please use our email form.

Subscribe to: Post Comments (Atom)
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

© 2012-2024. The content on this website is owned by us and our licensors. Do not copy any content (including images) without our consent.


Disclosure The disclosure is this, I’m an affiliate marketer and a blogger. When I talk about a product, I often have a affiliate link attached to that product. When someone buys that product, I get paid. It’s that simple. According to the new law from the FTC, I need to disclose this to you.