Federal bankruptcy judge approves a major debt restructuring plan for Puerto Rico in the first deal of its kind for the US territory since the island's government declared nearly 4 years ago that it was unable to repay its public debt.
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Puerto Rico Wins Approval of $18 Billion Bond RestructuringPuerto Rico won court approval for a restructuring deal that wipes out one-third of its $18 billion in sales-tax bond debt, a milestone in its quest to fix its broken finances.
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The AOL founder betting $150 million that the future of startups isn't in New York or Silicon Valley has decided on the next leg of his talent searchSteve Case is taking his $150 million Rise of the Rest startup investment fund to Orlando, the Space Coast, Tampa Bay, Miami, and Puerto Rico.
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Housing is key to Puerto Rico's recovery. Will 2019 see promised funding, solutions?The U.S.territory needs to urgently tackle issues such as 'widespread informal housing' and 'the exorbitant amount of abandoned spaces” as it rebuilds after Hurricane Maria.
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Puerto Rico Wins Approval of $18 Billion Bond RestructuringPuerto Rico won court approval for a restructuring deal that wipes out one-third of its $18 billion in sales-tax bond debt, a milestone in its quest to fix its broken finances.
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