Puerto Rico

The Puerto Rico Oversight Board will discuss revising the commonwealth government’s and its semi-autonomous entities’ fiscal plans Tuesday morning.

Puerto Rico plans to cancel a $300 million contract to rebuild the hurricane-ravaged electrical grid that went to a tiny company based in Interior Secretary Ryan Zinke’s Montana hometown, the head of the island’s power utility said.

The Federal Emergency Management Agency said it has "significant concerns with how PREPA procured this contract and has not confirmed whether the contract prices are reasonable.”

Gov. Ricardo Rosselló called the board’s appointment of Noel Zamot illegal and said the Puerto Rico government would challenge it.

Judge Laura Taylor Swain promised to release Wednesday a consensus-based order on the legal status of Puerto Rico’s post-hurricane federal aid.

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.