Puerto Rico

Puerto Rico Governor-Elect Ricardo Rosselló named Luis Burdiel Agudo as the new president of the Economic Development Bank for Puerto Rico.

Puerto Rico Board Chairman José Carrión III said Governor-Elect Ricardo Rosselló will have the final say on the five-year fiscal plan for finances and debt.

Puerto Rico's employment continued contracting in November, with the household survey's total employment down 2.1% since July.

Puerto Rico Governor-Elect Ricardo Rosselló appointed financial professionals to two key positions within his government.

The Puerto Rico Electric Power Authority extended a restructuring agreement with creditors until March 31.

Puerto Rico’s November General Fund revenues came in 8.9% better than budgeted.

While Puerto Rico is at a crossroads, it must file for restructuring as soon as possible and work with the federal government to help resolve the commonwealth’s fiscal crisis, said outgoing Puerto Rico Gov. Alejandro García Padilla.

The appointee to be the head of the Puerto Rico Highways and Transportation Authority, Carlos Contreras Aponte, for the Rosselló administration, emphasizes the importance of modernization.

Puerto Rico Sen. Ángel Martinez Santiago is seeking “to extend the benefits of Obamacare up to its original date of 2019.”

Sen. Marco Rubio introduced a bill on Tuesday that he said would raise wages for workers in Puerto Rico and make hiring new employees more attractive.