Puerto Rico

Puerto Rico’s May net revenues came in 9% short of budget in May.

A water shortage affecting Puerto Rico's eastern half poses new risks to the commonwealth's economy.

Puerto Rico’s Treasury Department is hoping to gain up to $400 million a year in taxes by legalizing and taxing tens of thousands of illegal video lottery machines.

The Puerto Rico government’s money shortage has forced it to slow the issuance of income tax refunds.

Creditors for the Puerto Rico Electric Power Authority extended forbearance for two more weeks in hopes of ironing out differences over a business plan that currently indicates a restructuring of debt.

Puerto Rico’s economic activity index was up for the fourth consecutive month in April.

A $2.3 billion recovery plan delivered to creditors by the Puerto Rico Electric Power Authority on June 1 has some "unworkable" aspects, according to a financial advisor to the utility's bondholders.

Former Puerto Rico Gov. Anibal Acevedo Vila said the U.S. needs to negotiate a “new economic relationship” with Puerto Rico to help it avoid default on its $72 billion of debt.

The Puerto Rico Aqueduct and Sewer Authority successfully managed a Friday deadline for a $150 million letter of credit with two banks.

The Puerto Rico utility, saddled with $8.4 billion of bond debt, will report to creditors Monday without choosing vendors for its recapitalization.

The Puerto Rico Electric Power Authority plans to withhold public release of its business and financial plan, due Monday, so it can been discussed with creditors, a PREPA spokeswoman said.

After several months of good employment news, Puerto Rico's employment situation slipped a bit in April.

The Puerto Rico House of Representatives passed a revised sales tax rise Tuesday.

The Puerto Rico House of Representatives plans to take an up or down vote on a tax rise bill received from the Senate.

The Puerto Rico’s House of Representative’s passage of a more than 50% increase in consumption taxes Thursday was just the first of several anticipated steps aimed at putting the government’s finances in order.

The Puerto Rico government and a healthcare coalition are lobbying to prevent cuts in healthcare spending that they say would hurt the island's economy.

Puerto Rico Gov. Alejandro García Padilla proposed a budget that covers the commonwealth’s increasing external debts but not all of its internal ones.

The Puerto Rico Electric Power Authority’s banks may hold the upper hand among creditors even though they are owed less than 10% of the utility’s debt.

Puerto Rico’s leaders reached a major tax and spending pact Friday morning that would achieve a balanced budget but may hurt the island’s economy.

Congressman Pedro Pierluisi is urging President Obama to convene an interagency meeting to discuss resolution of a Medicaid funding problem that could hit Puerto Rico as soon as September 2017.