Puerto Rico

Creditors for the Puerto Rico Electric Power Authority extended forbearance for two more weeks in hopes of ironing out differences over a business plan that currently indicates a restructuring of debt.

Puerto Rico’s economic activity index was up for the fourth consecutive month in April.

A $2.3 billion recovery plan delivered to creditors by the Puerto Rico Electric Power Authority on June 1 has some "unworkable" aspects, according to a financial advisor to the utility's bondholders.

Former Puerto Rico Gov. Anibal Acevedo Vila said the U.S. needs to negotiate a “new economic relationship” with Puerto Rico to help it avoid default on its $72 billion of debt.

The Puerto Rico Aqueduct and Sewer Authority successfully managed a Friday deadline for a $150 million letter of credit with two banks.

The Puerto Rico utility, saddled with $8.4 billion of bond debt, will report to creditors Monday without choosing vendors for its recapitalization.

The Puerto Rico Electric Power Authority plans to withhold public release of its business and financial plan, due Monday, so it can been discussed with creditors, a PREPA spokeswoman said.

After several months of good employment news, Puerto Rico's employment situation slipped a bit in April.

The Puerto Rico House of Representatives passed a revised sales tax rise Tuesday.

The Puerto Rico House of Representatives plans to take an up or down vote on a tax rise bill received from the Senate.