But experts think the rate is close to bottoming out.
The commonwealth's problem is deficits not its debt load, say former IMF economists.
But Rep. Nydia M. Velázquez has introduced legislation to raise the small business loan guaranty limit to $23.5 billion.
The opening of a new bank in America provides hope that more will follow.
Fiat Chrysler needs the equity financing to meet its long-term goal of boosting sales by 60%.
The Taxpayer Protection and Responsible Resolution Act creates a Chapter 14 for banks and replaces Dodd-Frank's orderly liquidation authority.
Existing home sales in June rose 3.2%, to 5.49 million, from a downwardly revised 5.32 million in May.
As GE sells off pieces of its banking unit, it will be required to comply with rules for nonbank systemically important financial institutions.
Sustained low energy prices have financial institutions worried about the oil and gas loans on their books.
China Construction Bank's first branch in North America is ordered to improve its anti-money laundering practices.