Puerto Rico

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.

The United States of America is the defendant in a suit filed by investors seeking payment of $3.1 billion in principal and interest in Puerto Rico Employment Retirement System bonds.

Puerto Rico Gov. Rosselló named his chief economic advisor Christian Sobrino Vega as his non-voting representative on the Oversight Board.

Elías Sánchez Sifonte reportedly told the governor he would serve in the unpaid position through the approval of a fiscal plan and a first budget, things have now happened.

The Puerto Rico Oversight Board staff and board members haven't adequately disclosed their personal financial information, according to lawyers who cite federal law.

Major bondholders and three bond insurers filed papers Tuesday seeking a receiver for the Puerto Rico Electric Power Authority.