Puerto Rico

President Obama formally announced the seven members of the oversight board that the PROMESA law established for Puerto Rico, drawing praise from lawmakers and market participants. But the announcement came as Puerto Ricans protesting the oversight board shut down the area around a hotel in San Juan that was hosting a conference on PROMESA.

Jaime Perelló Borrás resigned as president of the Puerto Rico House of Representatives Monday afternoon, according to multiple local press accounts.

An FBI corruption case is creating political discord in Puerto Rico, as one of two leading gubernatorial candidates asked for the President of Puerto Rico House of Representatives to resign.

Congress must work to improve Puerto Rico’s treatment under Medicaid as well as to expand access to tax credits and other federal benefits for the commonwealth, the secretaries of the Treasury Department and Department of Health and Human Services said in a letter on Friday.

July employment statistics in Puerto Rico were mixed.

Puerto Rico's main opposition party leads in polls for November's election.

Puerto Rico's addiction to debt is not unlike that of an abuser to alcohol or drugs, so perhaps it is time for Puerto Rico to undertake a 12-Step Program, aided by the new financial control board.

The Congressional Task Force on Economic Growth in Puerto Rico should avoid any changes to the Jones Act while considering various courses of action to help boost Puerto Rico's struggling economy, four congressmen said in a letter to the task force's House members.

Puerto Rico business groups announced Wednesday that they would sue to block the Puerto Rico Electric Power Authority restructuring deal.

Puerto Rico's July General Fund revenues came in 1% above the government's forecast for the month.