Puerto Rico

The Puerto Rico Oversight Board presented its first take on what needs to be done to bring the commonwealth out of its fiscal crisis.

Congress should further debate the effectiveness of Securities and Exchange Commission and Municipal Securities Rulemaking Board rules governing the failure to comply with municipal securities disclosure requirements, a congressional task force on Puerto Rico recommended.

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.