Puerto Rico

Puerto Rico’s June economic activity declined 0.5% compared to May and 2.1% compared to a year earlier.

The move, approved unanimously by the Board on Friday, sets up a conflict with the island's leaders.

The University of Puerto Rico will seek to reduce its debt-service costs through a consensual agreement with its creditors as the commonwealth plans to cut the school’s appropriations by $3.5 billion through 2026.

The Puerto Rico Oversight Board announced it was planning an investigation of the island’s public sector debt.

The Puerto Rico Oversight Board on Friday may institute mandatory government furloughs opposed by Gov. Ricardo Rosselló.

To make sure Puerto Rico’s government only spends on what it believes to be necessary, it has instituted a 5% spending freeze on its departments.

The Puerto Rico Oversight Board recommended shifting federal funding to an earned income tax credit from welfare programs on the island.

How far off could economic estimates be in Puerto Rico? The truth is that nobody knows.

San Juan’s government claims the GDB's restructuring gives bondholders a "windfall" using resources that belong to Puerto Rico's municipalities.

Noel Zamot will oversee expediting permitting for crucial projects to help strengthen the territory's economy.