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

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Impeachment proceedings opened against Brazil’s Rousseff
Latin America & the Caribbean

Impeachment proceedings opened against Brazil’s Rousseff

RIO DE JANEIRO (AP) — Impeachment proceedings were opened Wednesday against Brazilian President Dilma Rousseff by the speaker of the lower house of Congress, a sworn enemy of the beleaguered leader. A special commission in which all political parties are represented must now weigh the decision of speaker Eduardo Cunha to open proceedings against Rousseff … Continue reading

Opposition wins Argentine election, ending ‘Kirchner era’
Latin America & the Caribbean

Opposition wins Argentine election, ending ‘Kirchner era’

BUENOS AIRES, Argentina (AP) — Opposition candidate Mauricio Macri won Argentina’s presidential election on Sunday, marking an end to the left-leaning and often-combative era of President Cristina Fernandez, who along with her late husband dominated the country’s political scene for 12 years and rewrote its social contract. Ruling party candidate Daniel Scioli, Fernandez’s chosen successor, … Continue reading