Puerto Rico

Budget Director Mick Mulvaney said disaster aid won't be used to bail out Puerto Rico’s bondholders.

Creditors are at odds with the island government over the conditions on federal hurricane disaster aid.

Analysts will increasingly factor a government's preparation for the impact of global warming, according to S&P Global Ratings.

The Senate is scheduled to vote Tuesday on a $36.5 billion short-term disaster aid package.

The board authorized Kobre & Kim to issue the subpoenas, as long as certain conditions, including the start of a "formal" investigation, had been met.

Six projects announced this week may lead to $300 million to $400 million of investment.

Municipal bond analysts cite the lack of clarity on the island’s economic future, the level of federal aid after two hurricanes, and the Title III bankruptcy process.

The money could be drawn from an $18.7 billion allocation for the Federal Emergency Management Agency’s Disaster Relief Fund.

Puerto Rico Gov. Rosselló pledged to have electrical service back in less than half the time than had been predicted in late September.

Emergency supplemental spending bills for natural disasters often are treated outside the normal budget.