Puerto Rico's power company faces a $9bn debt and a federal court hearing on a debt-restructuring plan.

Puerto Rico's power company faces a massive $9bn debt, leading to a key hearing in federal court. The hearing focuses on a proposed debt-restructuring plan, which comes seven years after the island's government filed the largest US municipal bankruptcy due to inability to pay its $73bn debt. The power company's debt has resulted in high power bills and protests outside the courthouse fearing increased costs of living in the US territory.

March 04, 2024
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