Puerto Rico

Puerto Rico's Office of the Comptroller is conducting 24 investigations into government corruption on the island, the office reported.

Puerto Rico's economy shrank 0.2% in June compared to May, according to the commonwealth's economic activity index.

Administration officials and lawmakers are vetting candidates and rejecting some put forth by Republicans for the Puerto Rico oversight board as the Sept. 15 deadline for naming board members approaches.

Washington's Puerto Rico rescue legislation makes its biggest break from municipal finance tradition in a section dealing with collective action, public finance lawyers said.

The eight members of a recently named congressional task force on Puerto Rico's economy are soliciting input from both public and private Rico stakeholders as they begin assessing possible federal changes that could help the territory.

Puerto Rico’s government is paying debt when the money has already been put in escrow accounts but is not paying other debt.

Puerto Rico's fiscal year 2016 revenues came in 6.4% short of its approved budget for the fiscal year.

Puerto Rico won't set aside money to pay general obligation debt and will set up an emergency spending fund, under bills signed by Gov. Alejandro García Padilla.

House Speaker Paul Ryan, R-Wis., announced on Monday that Sen. Orrin Hatch, R-Utah, would serve as the chairman of the Congressional Task Force on Economic Growth for Puerto Rico.

The lead attorney representing the interests of holders of COFINA senior bonds answered some questions about the bondholders’ goals and what is going on with the bonds.