Puerto Rico

The insurer seeks at least $720 million from Wall Street firms that underwrote Puerto Rico bonds issued from 2001 to 2007.

Puerto Rico’s economic activity index slipped 0.7% in June from a year earlier, as the economic boost from federal hurricane recovery aid receded.

Secretary of Justice Wanda Vázquez Garced said she will swear in as governor Wednesday afternoon.

The strong performance may strengthen bondholders' hand in negotiating Puerto Rico bond restructuring.

Puerto Rico Senate President Thomas Rivera Schatz is leading a suit seeking the court to remove the former resident commissioner from the position.

Market-moving developments should keep Puerto Rico securities very actively traded for months to come.

Confirmation by one of the island’s two chambers will do little to ease uncertainty about who will become Puerto Rico’s next governor.

Puerto Rico's governor looks to patch up a scandal-ridden administration before his own resignation takes effect.

The impact on the territory's bankruptcy reorganization and hurricane reconstruction was in doubt as it remained unclear who will become the next governor.

It's uncertain whether Pedro Pierluisi's nomination to succeed Rossellówill pass the House.

Two weeks of unrest have cut economic activity by 15%, and a disorderly transfer of power may disrupt the territory's historic debt restructuring.

Ricardo Rossello resigned after two weeks of furious protests, throwing the leadership of the U.S. commonwealth into uncertainty.

The new letter increases the pressure for federal oversight as the island goes through the long process of rebuilding from the damage caused by Hurricane Maria and reorganizing its debt.

Almost $25 billion of bonds would be affected, as Judge Laura Taylor Swain seeks to avert "chaos" of claims by bondholders.

With a weakened government, the Oversight Board may be emboldened to take more unilateral actions on bond restructuring, analysts said.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

FEMA's "empty chair" at hearing draws fire from members of the House emergency preparedness subcommittee.

The scandals are dealing a fresh hit to Rossello’s administration as he fights with the federal financial oversight board over his budget.

The busts may weaken the the Rosselló administration as it struggles over fiscal policy with the Puerto Rico Oversight Board.

The board says more than $1.7 billion in revenue is at stake in fiscal years through 2024.