Puerto Rico

The congressional task force on Puerto Rico announced Tuesday that it is extending to Oct. 14 its deadline for interested stakeholders to submit recommendations on how to promote economic growth within the commonwealth.

Puerto Rico Gov. Alejandro García Padilla named Richard Ravitch to represent the governor's positions to the PROMESA oversight board.

Two Puerto Rico control board members came under fire from local politicians and analysts, who said they should have been disqualified because of past connections to the government that created the island's $70 billion debt crisis.

Congress must allow Puerto Rico residents to vote on statehood and establish parity between the territory and states with regard to health care and tax credits to help the island’s struggling economy and address its fiscal crisis, Rep. José Serrano, D-N.Y., told a task force.

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.