Puerto Rico

The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

Lawyers and others following two Puerto Rico cases pending before the Supreme Court are divided about how the death of Justice Antonin Scalia will affect the forthcoming rulings.

Attorney Andrew Rosenberg said allowing Puerto Rico to restructure its guaranteed debt would have major repercussions for other states.

With time fleeting, Congress and the Administration should proceed under the authority granted them under the Territorial and Bankruptcy clauses of the U.S. Constitution.

Puerto Rico released a draft version of its fiscal year 2014 comprehensive annual financial report to improve its chances of getting help from the United States government.

The Puerto Rico House of Representatives narrowly passed an energy sector reform bill, in another step toward adoption of a negotiated debt restructuring deal for the island's electric utility.

Puerto Rico will release a draft of its comprehensive annual financial report for fiscal year 2014 on Sunday or Monday.

A deal to restructure the debt of the Puerto Rico Electric Power Authority may fall apart due to a lack of Puerto Rico legislative support.

Puerto Rico’s reform of PREPA is an example of how it is making positive structural reforms, Gov. García Padilla said.