Puerto Rico

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

Walter Higgins is to be paid $450,000 per year plus bonuses if metrics are met.

The addition of Amazon will mean most of Puerto Rico's online sales will be taxed, one economist said.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

Gov. Ricardo Rosselló’s proposal, which leaves room to pay as little as 8% of debt service, is too rosy in its economic assumptions, two economists said this week.

January's General Fund revenues were 12.2 percent below pre-Hurricane Maria projections.

Treasury Secretary Steven Mnuchin says it remains to be decided whether the federal loan will be forgiven

Puerto Rico shouldn’t misinterpret the economic boost from reconstruction following hurricanes that hit it hard last year as a sign of underlying strength, Federal Reserve Bank of New York President William Dudley said.

Rosselló doesn't mention Puerto Rico's debt in annual state of the commonwealth speech.

The bond insurers say the plan to create a wider Public Service Commission would lead to oversight by inexperienced political appointees.