• Bondholders sue over Puerto Rico debt-moratorium l

    SAN JUAN, Puerto Rico (AP) — Holders of bonds from Puerto Rico’s Government Development Bank are suing to challenge aspects of a debt-moratorium law that island officials say is crucial to maintaining essential services as the U.S. territory struggles under a nearly $70 billion debt load.

  • In this Wednesday, July 29, 2015, file photo, a bronze statue of San Juan Bautista stands in front of Puerto Rico’s Capitol as U.S. and Puerto Rican flags fly in San Juan, Puerto Rico. After months of pleading from the government of Puerto Rico, the U.S. Congress agreed on Wednesday, May 18, 2016, to help the territory restructure its massive public debt. (AP Photo/Ricardo Arduengo, File)

    Relief and anger in Puerto Rico as Congress acts on debt

    SAN JUAN, Puerto Rico (AP) — After months of pleading from Puerto Rico’s government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.