Investment

What Will Happen To Puerto Rico Bonds?

MIAMI, Florida — On Tuesday, a federal judge approved Puerto Rico’s exit from bankruptcy under the largest public-sector debt restructuring plan in US history, nearly five years after the financially beleaguered territory claimed it couldn’t pay its creditors. Hurricanes Irma and Maria, a series of earthquakes, and the coronavirus epidemic have only exacerbated Puerto Rico’s

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What Were Liberty Bonds?

Americans essentially gave the government money to help pay for the costs of wartime military operations under this program. Those who invested in these bonds would get their money back, plus interest, after a predetermined number of years. The government issued these bonds as part of the “Liberty Loan” program, which was a collaboration between

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