Puerto Rico

Both the House and Senate bills would end Puerto Rico’s status as an offshore tax haven.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

A longtime bond professional explains why he’s an understanding holder of Puerto Rico general obligation debt -- and angry investor in the island’s sales tax revenue bonds.

Sen. Bernie Sanders, I-Vt., introduced a comprehensive support bill for Puerto Rico and the U.S. Virgin Islands Tuesday, calculated to cost up to $146 billion.

The engineer who led the restoration of electrical service in New York City after Superstorm Sandy has been appointed to oversee the recovery of Puerto Rico's power grid.

More than half of the $44 billion is for disaster relief administered through FEMA and the SBA.

Puerto Rico’s government announced it would pay its annual Christmas bonus to workers this year.

The Puerto Rico Electric Power Authority governing board said it was gathering a Transformation Advisory Council of utility industry leaders.

Ramos had been under fire over his management of disaster response and contract and hiring practices.

Texas also would get less funding than it says it needs in the White House request, set to be made on Friday.

U.S. Sen. Elizabeth Warren and Rep. Nydia Velázquez called for the Oversight Board to eliminate all of Puerto Rico’s public sector debt.

Puerto Rico is considering suspending debt-service payments for five years, a lead lawyer for the territory’s federal oversight board said.

Two GOP Representatives argued that the Puerto Rico Oversight Board should be given additional powers over the Puerto Rico Electric Power Authority.

The biggest share of the funds, $31 billion, would be used to rebuild homes.

Title III bankruptcy Judge Laura Taylor Swain ruled that the Puerto Rico Oversight Board didn’t have the power to replace the leader of the Puerto Rico Electric Power Authority.

The Title III Puerto Rico bankruptcy judge will hear arguments Monday on the Puerto Rico Oversight Board’s motion to replace the Puerto Rico Electric Power Authority’s leader.

Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.

The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.

Creditor groups have come down on both sides of a hedge fund's constitutional attack on the PROMESA oversight board.

The PREPA bondholder group’s consultant estimated it will cost less than $1 billion to repair the power grid, compared with initial reports of about $5 billion.