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Puerto Rico Gov. Ricardo Rosselló

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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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SAN JUAN  — Puerto Rico will receive $18.5 billion from the U.S. Department of Housing and Urban Development to help rebuild its battered housing stock and infrastructure after September’s Hurricane Maria, the island’s governor and HUD officials said on Tuesday. The funding for the U.S. commonwealth was the largest grant in the history of

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WASHINGTON — In a joint press conference with U.S. Department of Housing and Urban Development Secretary Ben Carson, Governor Kenneth Mapp said today that the territory will receive $1.6 billion in additional Community Development Block Grant Disaster Recovery (CDBG-DR) funding to repair and rebuild private and public housing, and for

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SAN JUAN — Puerto Rico’s government submitted a required fiscal plan on Thursday that excludes pension cuts and layoffs sought by a federal oversight board as legislators in the U.S. commonwealth angered by its demands debate a bill that would withhold payments for board member salaries, among other things. Gov.

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SAN JUAN  — Puerto Rico’s governor on Monday fiercely defended his administration’s right to help steer the insolvent, storm-ravaged island out of bankruptcy after a U.S. congressman said the process should be led by the island’s creditors and federally appointed oversight board. In a scorching, 6,000-word letter delivered on Monday

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SAN JUAN — Puerto Rico’s governor said on Sunday he would submit a revised fiscal turnaround plan on Thursday to the island’s federally appointed oversight board, but the plan would not include labor reforms and pension cuts the board demanded. Governor Ricardo Rossello also said the government of the bankrupt

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SAN JUAN  — Puerto Rico’s governor said on Thursday he has tapped researchers at the George Washington University, in Washington, D.C., to lead an independent probe into his administration’s controversial tally of deaths caused by Hurricane Maria. Governor Ricardo Rossello said in a statement it was “of great interest to

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SAN JUAN — Puerto Rico’s governor submitted a revised fiscal plan overnight Thursday that estimates the commonwealth’s economy will shrink by 11 percent and its population drop by nearly eight percent next year. The proposal doesn’t set aside any money to pay creditors in the next five years as the

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SAN JUAN — Puerto Rico‘s governor said on Monday he intends to sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete. The Puerto Rico Electric Power Authority (PREPA) has yet to recover fully from the devastation wrought by Hurricane

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WASHINGTON  — Sweeping tax code changes aimed at keeping U.S. companies from shifting profits offshore to avoid taxes will not affect the battered economy of Puerto Rico, a senior White House official said on Wednesday. Puerto Rico Gov. Ricardo Rosselló has said the provisions in a new tax bill passed by

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