Puerto Rico

Judge Laura Swain says she has no authority to challenge fiscal plans.

HJ Sims Managing Director Puerto Rico German Ramirez de Arellano and Senior Vice President Richard Prann talk from the Commonwealth about the situation on the island, both in terms of the financial and the human costs. Chip Barnett hosts.

Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

The judge overseeing the utility's debt restructuring acted in the face of threatened power outages as soon as Wednesday.

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.

Puerto Rico's latest fiscal plan represents an improvement over the previous one, which included nothing for debt repayment.

Puerto Rico’s economy in December was 13.3% less active than it had been in August, a report said.

The agreement would include emergency disaster relief funding for Puerto Rico, the U.S. Virgin Islands, Florida and Texas that was approved by the House in December.