Puerto Rico makes debt payment, warns of dwindling funds
Latin America & the Caribbean

Puerto Rico makes debt payment, warns of dwindling funds

SAN JUAN, Puerto Rico (AP) — Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services. The announcement by Puerto Rico’s Government Development Bank … Continue reading

Puerto Rico makes debt payment, warns of dwindling funds
Latin America & the Caribbean

Puerto Rico makes debt payment, warns of dwindling funds

SAN JUAN, Puerto Rico (AP) — Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services. The announcement by Puerto Rico’s Government Development Bank … Continue reading

Thurgood Marshall College Fund GAP Scholarship available to graduating seniors
Campus Life / Education / Local / National / Virginia

Thurgood Marshall College Fund GAP Scholarship available to graduating seniors

The Thurgood Marshall College Fund has set aside $500,000 for the Class of 2015 to help graduate any senior who has a remaining balance that will prevent him/her from graduating this fall semester. To be eligible, applicants must: ·         Be a graduating college Senior ·         Attend one of the TMCF’s 47 member-schools, such as Norfolk State University … Continue reading

GOP, Dems, Obama reach accord on 2-year budget deal
Business / Health / Politics / U.S. News

GOP, Dems, Obama reach accord on 2-year budget deal

WASHINGTON (AP) — The budget deal between congressional leaders and President Barack Obama, aimed at heading off a government shutdown and debt crisis, faces its first hurdle Tuesday when it goes before restive House Republicans, including rebellious arch-conservatives. The two-year pact, which would take those volatile fiscal issues off the table until after the 2016 … Continue reading

Debt spat thorny issue for Argentine presidential candidates
Latin America & the Caribbean

Debt spat thorny issue for Argentine presidential candidates

BUENOS AIRES, Argentina (AP) — Like a dark cloud, the bitter fight between Argentina and a group of holdout creditors in the U.S. has hung over South America’s second largest economy for years, preventing the country from accessing international credit markets. The dispute pits creditors led by U.S. billionaire Paul Singer against Argentine President Cristina … Continue reading