Posts Tagged

Puerto Rico Gov. Ricardo Rosselló

At VIFreepBreaking NewsBusiness NewsLa Fortaleza NewsPuerto Rico NewsTerritorial Affairs

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

Read More
At VIFreepBreaking NewsBusiness NewsEnvironmental NewsPuerto Rico News

SAN JUAN — The governor of Puerto Rico overhauled the U.S. commonwealth’s insurance laws on Tuesday to help protect policy holders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo Rossello signed six laws into effect as he stressed that his administration was not

Read More
At VIFreepBreaking NewsBusiness NewsLa Fortaleza NewsPuerto Rico NewsTerritorial Affairs

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

Read More
At VIFreepBreaking NewsLa Fortaleza NewsPuerto Rico NewsTerritorial Affairs

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,

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsLa Fortaleza NewsNational NewsPuerto Rico NewsTerritorial Affairs

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

Read More
At VIFreepBreaking NewsEnvironmental NewsNational NewsPuerto Rico NewsTechnology NewsTerritorial Affairs

SAN JUAN — Puerto Rican Governor Ricardo Rossello on Wednesday said he expects electricity to be restored across the U.S. commonwealth within a month, but warned that the island’s infrastructure needed to be strengthened ahead of the upcoming hurricane season. “The expectation is that … within the next month we’ll

Read More
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

Read More
At VIFreepBreaking NewsBusiness NewsEnvironmental NewsPuerto Rico NewsTerritorial Affairs

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

Read More
At VIFreepBreaking NewsEnvironmental NewsGovernment House NewsNational NewsPuerto Rico NewsSt. Croix NewsSt. John NewsSt. Thomas News

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

Read More
At VIFreepBreaking NewsEnvironmental NewsPuerto Rico NewsTerritorial Affairs

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.

Read More