Will Puerto Rico's Power Grid Collapse? $9 Billion Debt Crisis Explodes!
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Puerto Rico's power utility, bankrupt for nearly a decade, faces a potential collapse of its debt-cutting plan. Investors, including BlackRock, threaten to withdraw after the Trump administration dismissed the island's financial oversight board. A 2023 deal reduced $9 billion in debt to $2.6 billion, but other investors are challenging this, seeking to recover more funds. The situation jeopardizes the utility's financial stability and recovery.
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