The New York Times
BREAKING NEWS
A judge approved a deal to let Puerto Rico leave bankruptcy by restructuring $33 billion in debt, the largest such deal in U.S. history.
Tuesday, January 18, 2022 5:11 PM EST
Since Puerto Rico entered bankruptcy, its economic crisis has only been further deepened by Hurricanes Irma and Maria, a series of earthquakes and the coronavirus pandemic.
The restructuring plan will reduce the largest portion of the Puerto Rico government’s debt by about 80 percent. The deal will also save the government more than $50 billion in debt payments.
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