Puerto Rico

Puerto Rico's Senate is set to approve a bill Tuesday that would allow the governor to retain the right to declare debt payment moratoriums on virtually all of the island's debt, according to the Senate's leader.

The primary union at the Puerto Rico Electric Power Authority has sued to overturn the law that paved the way for its restructuring agreement with creditors.

Puerto Rico Gov. Alejandro García Padilla appointed Víctor Suárez Meléndez to lead the commonwealth’s debt restructuring and oversee its management of debt.

The Puerto Rico House of Representatives voted overwhelmingly to exempt certain debt from eligibility for a payment moratorium it passed in April.

Puerto Rico Gov. Alejandro García Padilla is pushing Puerto Rico legislators to let him retain the right to halt all debt payments starting July 1 as they consider legislation to amend the payment moratorium bill signed earlier this month.

Puerto Rico got a mixed March employment report from the U.S. Bureau of Labor Statistics Friday.

House Republican leaders plan to hold a policy meeting Friday morning with their members on pending legislation for Puerto Rico to try to gain more support for it.

Puerto Rico’s economy has been worse that reported, according to the most widely cited measure of its economic activity.

The Natural Resources Committee has indefinitely delayed the vote that was planned for Thursday on the Puerto Rico bill as its members, Treasury Department officials and other stakeholders continue to try to address the concerns raised about the measure and change its provisions to ensure they can get enough votes to pass it.

The House Committee on Natural Resources is moving forward with a bill to help Puerto Rico that loosens provisions regarding the oversight board but still keeps the cram down and debt litigation moratorium portions of an earlier version that drew criticism.