Puerto Rico

Puerto Rico said it had $5 billion more in cash than disclosed three weeks ago after scouring more than 800 government bank accounts.

Bond analysts and Puerto Rico political leaders were voicing concern Friday over a new tax on territories reportedly included in the Republican federal tax bill.

Puerto Rico’s electrical grid is unlikely to be fully restored until the end of May, the head of the U.S. Army Corps of Engineers said Wednesday -- months longer than the timeline offered by the island’s governor.

Creditors clashed in court with bond issuers over claims on revenues for the Employee Retirement System.

The U.S. is moving toward a territorial tax system for businesses that would hurt Puerto Rico by treating it as a foreign country.

The Puerto Rico Electric Power Authority named 11 experts in grid reliability and restoration to a senior-level advisory council, part of a long-term effort to improve service, lower costs, and reduce prices.

Over two months after Hurricane Maria devastated Puerto Rico, the island’s government still hasn’t received any of the $4.9 billion of short-term loans promised in the storm aid package Congress passed at the end of October.

The act gives the federal government flexibility in how to deal with Puerto Rico, the department said in answering a challenge by Aurelius Capital.

Democrats complain that Republicans are only providing cosmetic support for Puerto Rico in tax reform legislation and disaster aid.

By continuing to insist on their pound of flesh, bondholders will lose more.