Puerto Rico

The Puerto Rico Oversight Board’s first island meeting will be far from population centers and be invitation only.

The Puerto Rico Oversight Board is seeking comments on Gov. Alejandro García Padilla's proposed fiscal plan.

Puerto Rico Governor-Elect Ricardo Rosselló is seeking $900 million to get Puerto Rico through the current fiscal year.

Puerto Rico Gov. Alejandro García Padilla named Aaron Bielenberg as the PROMESA board’s revitalization coordinator.

Ricardo Rosselló Nevares' election as Puerto Rico's next governor is seen as positive for bondholders as the island's debt restructuring looms.

The city government of Toa Baja, Puerto Rico, shut down Monday due to lack of money, a path a municipal expert said other Puerto Rico municipalities will likely take in the next 12 months.

The judge hearing all the debt lawsuits in Puerto Rico’s federal court ruled for a continued stay in three cases, saying the delay in litigation won’t hurt the investors’ interests.

The Government Development Bank for Puerto Rico, with about $3.8 billion of debt outstanding, may fail and it’s possible that the island’s cities and public corporations won’t get all their deposits back, said Puerto Rico Secretary of the Treasury Juan Zaragoza.

Puerto Rico-based tax, economic and investment banking specialists are criticizing the 10-year fiscal plan the governor submitted to the Puerto Rico Oversight Board last month.

Puerto Rico announced that pharmaceutical giant Biogen will open a drug manufacturing factory on the island, creating 350 jobs.