Puerto Rico

The Puerto Rico’s House of Representative’s passage of a more than 50% increase in consumption taxes Thursday was just the first of several anticipated steps aimed at putting the government’s finances in order.

The Puerto Rico government and a healthcare coalition are lobbying to prevent cuts in healthcare spending that they say would hurt the island's economy.

Puerto Rico Gov. Alejandro García Padilla proposed a budget that covers the commonwealth’s increasing external debts but not all of its internal ones.

The Puerto Rico Electric Power Authority’s banks may hold the upper hand among creditors even though they are owed less than 10% of the utility’s debt.

Puerto Rico’s leaders reached a major tax and spending pact Friday morning that would achieve a balanced budget but may hurt the island’s economy.

Congressman Pedro Pierluisi is urging President Obama to convene an interagency meeting to discuss resolution of a Medicaid funding problem that could hit Puerto Rico as soon as September 2017.

Federal aid for Puerto Rico and its cash-strapped issuing authorities is not going to happen, former governor Luis Fortuño told municipal analysts Thursday.

Puerto Rico’s economic activity index was up for the third consecutive month in March.

For investors with risk tolerance, uninsured senior COFINA bonds are attractive compared with other island debt as well as COFINA’s own subordinate debt, Barclays analysts said.

Puerto Rico Gov. Alejandro García Padilla is promoting a revised tax and spending proposal to handle a looming budget gap in the coming fiscal year.