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Rosselló Says Oversight Board's Austerity Risks Breaking the Law
February 21, 2017 Puerto Rico Gov. Ricardo Rosselló suggested Tuesday that the federal Oversight Board's plans for austerity may be against...
Puerto Rico Treasury Collected 21% More than Expected in January
February 21, 2017 The Puerto Rico General Fund collected 21% more net revenues in January than budgeted.
University of Puerto Rico Leadership Resigns Over Budget Cut Plan
February 17, 2017 Nearly the entire leadership of the University of Puerto Rico resigned in protest of a requested one-third cut in the...
Puerto Rico Rep Appeals to U.S. Attorney General to Change Plebiscite
February 16, 2017 A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum...
Rosselló Attacks University of Puerto Rico President for Noncooperation With Austerity
February 15, 2017 Puerto Rico Gov. Ricardo Rosselló’s office blasted the president of the University of Puerto Rico for failing to provide...
Virgin Islands Governor Issues Order to Reduce Costs
February 15, 2017 Virgin Islands Gov. Kenneth Mapp issued an order aimed at reducing the government’s operational costs.
Puerto Rico Energy Commission Rejects Natural Gas Project for Now
February 14, 2017 The Puerto Rico Energy Commission rejected immediate approval of the Aguirre Offshore Gas Port project for the Puerto Rico...
Virgin Islands Governor Orders 10% Cut in Spending
February 13, 2017 U.S. Virgin Islands Gov. Kenneth Mapp ordered a 10% cut in government spending for the remainder of the fiscal year.
Tension Between Board and Puerto Rico Government Grows
February 13, 2017 Tension between the Puerto Rico Oversight Board and the island’s government grew Sunday when the governor rejected the board’s...
Healthcare and Utilities Were the Big Growth Sectors of 2016
February 13, 2017 Healthcare and utilities municipal bond issuance grew by a combined $27 billion to 2016 from 2015.
Puerto Rico Gov. Makes $146M available for GO Payments
February 10, 2017 Puerto Rico Gov. Ricardo Rosselló has said that he is setting aside $146 million for the payment of general obligation bonds.
Group Seeks SEC Action on 'Unethical' Lending to Puerto Rico
February 10, 2017 Major investment firms made unethical and probably illegal loans to Puerto Rico’s government from 2000 to 2008, according to a...
Why Rejiggering PREPA Deal Would Be a Risk for Rosselló
February 9, 2017 Puerto Rico Gov. Ricardo Rosselló is taking a risk in trying to get better debt terms from the Puerto Rico Electric Power...
Puerto Rico Oversight Board Clashes with Island Legislature
February 8, 2017 The Puerto Rico Oversight Board fired off two letters this month defending its authority over the local legislature as its...
Puerto Rico Governor Approves Status Referendum
February 6, 2017 Puerto Rico Gov. Ricardo Rosselló signed into law a bill for a June referendum on Puerto Rico’s political status.
Virgin Islands Governor on Verge of Cuts to Stabilize Finances
February 2, 2017 After failing to sell a bond in January, the U.S. Virgin Islands government is on the verge of making cuts to its operations...
Puerto Rico Misses More Bond Payments
February 1, 2017 Puerto Rico’s government and public bodies missed more bond payments Wednesday as the island remained mired in a debt crisis.
Virgin Islands and Its Power Authority Face Near-term Financial Crises
January 31, 2017 The U.S. Virgin Islands governor says it may be impossible for the territory to make payroll as soon as Feb. 16, while the...
Puerto Rico Board Extends Lawsuit Stay, Plan Deadline
January 30, 2017 The Puerto Rico Oversight Board extended the stay on debt-related litigation to May 1 and the deadline for the governor to...
Puerto Rico Senate Approves Referendum on 'Decolonization'
January 27, 2017 The Puerto Rico Senate approved a measure for a June referendum on Puerto Rico’s political status.