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La Fortaleza News

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SAN JUAN — Puerto Rico dispersed millions of dollars in holiday bonuses to government workers on Wednesday despite a warning from its federally appointed oversight board that doing so could harm the bankrupt U.S. commonwealth’s ability to make payroll later in the current fiscal year. Governor Ricardo Rossello’s office announced

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SAN JUAN — A report from Puerto Rico’s government says Hurricane Maria had a $43 billion impact on the U.S. territory’s economy, $1 billion more than originally estimated. The Puerto Rico Planning Board’s report says its calculations took into account millions of dollars received so far in federal hurricane recovery

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OVERSIGHT BOARD: Two members of Puerto Rico’s PROMESA federal government oversight board. SAN JUAN — A federal control board has approved a five-year fiscal plan for Puerto Rico, though Gov. Ricardo Rossello warns it’s too austere and will affect government services. The economic blueprint approved today aims to help pull

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NEW YORK  — Puerto Rico Governor Ricardo Rossello flew to New York this week on a mission: persuade potential tourists that the hurricane-ravaged island was ready for their return. But Puerto Rico’s recovery from last year’s Hurricane Maria has been a “mixed bag,” Rossello told Reuters on Thursday, acknowledging that

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SAN JUAN  — Puerto Rico and its federally appointed oversight board have reached a deal to avoid litigation over much-needed economic overhauls in the bankrupt U.S. commonwealth. Governor Ricardo Rosselló and the island’s legislature agreed to repeal protections that make it difficult for private-sector employers to fire workers at will,

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SAN JUAN — Puerto Rico’s governor has released a plan that outlines how his administration will use $1.5 billion in federal funds to help the U.S. commonwealth recover from Hurricanes Irma and Maria. Ricardo Rossello said today that at least $817 million will go to rebuilding single-family homes, and another

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At VIFreepBreaking NewsLa Fortaleza NewsPuerto Rico NewsTerritorial Affairs

SAN JUAN — The oversight board for Puerto Rico, created by Congress, will hold public hearings on Thursday and Friday to certify revised fiscal plans for the commonwealth, the board said today. The board is expected to approve plans for the commonwealth, as well as the island’s utility, Puerto Rico

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