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Tuesday, May 3, 2016

 11:25 AM 

Ryan Rundown: Treasury secretary presses Ryan, Congress for action after Puerto Rico default

In today's Ryan Rundown: Puerto Rico defaults on part of a $422 million debt payment, prompting a letter from Treasury Secretary Jacob J. Lew to House Speaker Paul Ryan calling for action to restructure the island's debt.

News/features

- As Puerto Rico Defaults, Eyes Turn to Washington
http://www.nytimes.com/2016/05/03/business/dealbook/puerto-rico-defaults-on-principal-of-422-million-debt-payment.html?_r=0

- Default at hand, Congress faces new pressure to act on Puerto Rico
https://www.washingtonpost.com/news/powerpost/wp/2016/05/02/default-at-hand-congress-faces-new-pressure-to-act-on-puerto-rico

- Time running out as Puerto Rico's default picks up steam
http://www.politico.com/story/2016/05/puerto-rico-default-congress-222718

- Puerto Rico defaults on $422M debt payments
http://thehill.com/policy/finance/278352-puerto-rico-defaults-as-islands-governor-pushes-congress

- Puerto Rico's Debt Crisis Deepens as Government Misses Payment
http://www.wsj.com/articles/puerto-ricos-debt-crisis-turns-up-the-heat-on-congress-1462219483

Opinion/analysis

- Ryan Rainey: Puerto Rico Default: More Political Fallout Than Market Impact
http://fortune.com/2016/05/03/puerto-rico-default-more-political-fallout-than-market-impact/

James Surowiecki: On Puerto Rico, Congress Once Again Fails to Do the Obvious
http://www.newyorker.com/business/currency/on-puerto-rico-congress-once-again-fails-to-do-the-obvious

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