Puerto Rico

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.

The U.S. Virgin Islands is grappling with a government revenue shortfall in the aftermath of two category 5 hurricanes.

Puerto Rico expects its central government revenues to come in 25% short of budget in this fiscal year.

Both the House and Senate bills would end Puerto Rico’s status as an offshore tax haven.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

A longtime bond professional explains why he’s an understanding holder of Puerto Rico general obligation debt -- and angry investor in the island’s sales tax revenue bonds.