Puerto Rico

Puerto Rico Gov. Alejandro García Padilla this week bristled at a deadline to provide information to the U.S. Congress, while a candidate to succeed the governor sent an unsolicited response to the information request.

Experts and Puerto Rican lawmakers are encouraging Congress and commonwealth officials to include fiscal responsibility laws in any legislative package designed to help the island.

Citizens are bearing the brunt of the crisis, a report from the advocacy group Hedge Clippers finds, as the government slashes spending on health care, legal services, pensions and education.

Unless the United States Congress acts to modify Puerto Rico’s required debt payments, Puerto Rico won’t make the full May bond payment, Puerto Rico Gov. Alejandro García Padilla said.

Opposition is growing in Puerto Rico to a planned April 1 increase in business to business consumption taxes.

In the second in a series of promised visits by U.S. cabinet secretaries to Puerto Rico, Transportation Secretary Anthony Foxx on Thursday announced steps to speed Federal aid to highway projects on the island.

Legislators are coalescing around a federal oversight authority for Puerto Rico that could take concerns over the commonwealth’s debt, pension, and economic crises and forge unique solutions using congressionally approved oversight and restructuring capabilities.

Creditors of the Puerto Rico Electric Power Authority are focused on the passage of a rate increase as the first of several remaining restructuring deal hurdles.

The leader of a Puerto Rico corruption conspiracy pled guilty Thursday.

The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

Lawyers and others following two Puerto Rico cases pending before the Supreme Court are divided about how the death of Justice Antonin Scalia will affect the forthcoming rulings.

Attorney Andrew Rosenberg said allowing Puerto Rico to restructure its guaranteed debt would have major repercussions for other states.

With time fleeting, Congress and the Administration should proceed under the authority granted them under the Territorial and Bankruptcy clauses of the U.S. Constitution.

Puerto Rico released a draft version of its fiscal year 2014 comprehensive annual financial report to improve its chances of getting help from the United States government.

The Puerto Rico House of Representatives narrowly passed an energy sector reform bill, in another step toward adoption of a negotiated debt restructuring deal for the island's electric utility.

Puerto Rico will release a draft of its comprehensive annual financial report for fiscal year 2014 on Sunday or Monday.

A deal to restructure the debt of the Puerto Rico Electric Power Authority may fall apart due to a lack of Puerto Rico legislative support.

Puerto Rico’s reform of PREPA is an example of how it is making positive structural reforms, Gov. García Padilla said.

The Puerto Rico Senate was expected to vote Wednesday on energy legislation that Puerto Rico Electric Power Authority bondholders have said is necessary for them to agree to a bond restructuring.