Puerto Rico

The $10.2 billion is designated for long-term mitigation work to prevent a future recurrence of the damage and to make electrical grid improvements that will withstand future storms.

Bankruptcy mediator Barbara Houser recommends litigation over $22 billion in bonds should resume in January and February.

The board letter's is one of the first signs of friction with Gov. Wanda Vázquez, who took office in August.

Separately, the island's economic activity index fell on a year-over-over basis for the fourth straight month.

The motion is part of the bondholders' attack on a plan to give them 15 cents on the dollar.

San Juan's finances, given an F in the study of fiscal year 2017, became even worse in fiscal 2018.

Five Republican representatives asked three Democrats to withdraw their legal brief opposing the agreement.

The territory needs $1.3 billion to $2.3 billion of investment beyond the current level to support growth and competitiveness.

A declaration would be a first step toward dealing with the insolvency of the Water and Power Authority, with $252 million of bonds outstanding.

Gov. Wanda Vázquez's bill aims to prevent the commonwealth from pursuing debt practices that have gotten it into trouble.