Puerto Rico

Puerto Rico employment levels declined in September from August, according the U.S. Bureau of Labor Statistics.

Municipal analysts reject Puerto Rico's claim it can't pay any debt service in the next 10 years without federal help.

The Puerto Rico Oversight Board directed six of the island’s public entities to develop and present fiscal plans.

The Puerto Rico Oversight Board is considering filing briefs in four Puerto Rico bond suits.

Puerto Rico told the Puerto Rico Oversight Board it would have $0 to pay for debt service in the next 10 years unless the federal government passed measures to improve the island’s economy.

Puerto Rico Gov. Alejandro García Padilla plans to present a 10 year fiscal plan to the Oversight Board at its second meeting Friday.

Puerto Rico bondholders have reason to be optimistic about overturning the island's debt payment moratorium in court, based on rulings by the judge handling most of the litigation.

Three former Puerto Rican officials and another defendant were found guilty of various charges of government corruption Friday.

The SEC has given a subpoena concerning the 2012 and 2013 bonds to PREPA, which is cooperating in the investigation, the power utility said Thursday.

Puerto Rico Gov. Alejandro García Padilla told the Oversight Board that his government has already taken extensive austerity measures in a relatively poor society and that further austerity isn't the way to go.