SAN JUAN, Puerto Rico (AP) — Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing concerned bondholders a day after credit rating agency Standard & Poor's downgraded the U.S. territory's debt to junk status. Gov. Alejandro Garcia Padilla said he is renegotiating the payment of short-term debt and has ordered all government agencies to reduce their current budgets by 2 percent. He also submitted...
↧