Puerto Rico

Puerto Rico was hit by a major electrical outage sometime between 2 p.m. and 3 p.m. Wednesday.

U.S. House of Representatives staff person Bill Cooper denied reports he has been made the executive director of the Puerto Rico Oversight Board.

The Puerto Rico Aqueduct and Sewer Authority, seeking to fund safe drinking water projects amid the debt crisis, is trying to regain control of $188 million that’s frozen at the island’s Government Development Bank.

Puerto Rico’s Employment Shrank in August From July.

Rafael Hernández Montañez, a leading Puerto Rican legislator, called for the ouster of Carlos García from the Puerto Rico Oversight Board.

Responding to stories in The Bond Buyer and at least one other news outlet, Director of the Puerto Rico Office of Management and Budget Luis Cruz Batista said his office has been aware of Puerto Rico’s $2 billion in segregated funds all along.

Puerto Rico's August revenues came in 1.9% above budget projections.

The Congressional Task Force on Economic Growth in Puerto Rico has been meeting with government agencies and gathering input from roughly 335 groups and individuals as it works to develop recommendations on how to address the commonwealth's struggling economy.

Puerto Rico’s government has located about $2 billion in funds that it may use to cover essential services.

Puerto Rico’s economic activity index was up 0.1% in July from June.