Puerto Rico

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.

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.