Legislation To Help Puerto Rico Manage Its Crippling Debt Advances In The House – Huffington Post

WASHINGTON — Legislation giving Puerto Rico the ability to restructure its $70 billion in debt overcame a major hurdle on Thursday, passing out of committee in the House. The House Natural Resources Committee approved the bill, which would establish an oversight board to help the commonwealth restructure its un-payable debt and craft an economic recovery…

IMF: No Cash Now for Greece Because Europe Hasn’t Promised Debt Relief – Wall Street Journal

Updated May 25, 2016 5:02 p.m. ET WASHINGTONA senior International Monetary Fund official Wednesday said it cant help Europe with fresh emergency financing for Greece because Athenss creditors havent yet committed to detailed debt relief. The comments show that the agreement touted by European finance ministers last night to release fresh bailout cash for Greece…

DC attorney general sues student debt relief company caught in the crosshairs of a federal regulator – Washington Post

D.C. Attorney General Karl Racine, center, filed a lawsuit against a Florida-based student debt relief company. (Astrid Riecken/For The Washington Post) District Attorney General Karl A. Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and…