Judge Approves Puerto Rico Debt Restructuring, But Unelected “Junta” Could Remain for Years Longer
In a major development, a federal judge on Tuesday approved a plan to restructure Puerto Rico’s massive debt. The proposal was presented by the territory’s U.S.-imposed Fiscal Control Board, and it reduces the biggest portion of the island’s debt, about $33 billion, by some 80%. Last year, union leaders pressured the board to remove cuts to pension plans from the current version of the debt restructuring deal.




























