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Puerto Rico Gov. Ricardo Rosselló

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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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WASHINGTON — Puerto Rico’s governor got the jump on the territory on Monday when asked the federal government for $94.4 billion ahead of the Virgin Islands. Gov. Ricardo Rossello said during a news conference that he will still formally make his request to the White House and Congress, along with a

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SAN JUAN — The disaster wrought by Hurricane Maria has set off an anguished debate across Puerto Rico, where friends, family and co-workers are arguing fiercely over the morality of leaving the blacked-out island for the U.S. mainland versus fulfilling a patriotic duty to rebuild. At least 140,000 Puerto Ricans

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WHAT DID THEY KNOW AND WHEN DID THEY KNOW IT? A source familiar with the COFINA creditors’ thinking said the group wants to depose Puerto Rico Gov. Ricardo Rossello, one of his key advisers Elias Sanchez, and AAFAF’s director, Gerardo Portela. By NICK BROWN/Reuters News Service SAN JUAN — Senior creditors

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“PALACE OF THE LAWS”: The Capitol of Puerto Rico (Capitolio de Puerto Rico) is located on the Islet of San Juan just outside the walls of Old San Juan. The building is home to the bicameral Legislative Assembly composed of the House of Representatives and Senate. The building sits in

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By NICK BROWN SPECIAL TO THE V.I. FREE PRESS SAN JUAN — As Puerto Rico attempts to sort out its tangled financial web, retirees may face bigger cuts than those in past U.S. municipal insolvencies, due in part to an unconventional debt structure that pits pensioners against the very lenders

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CAPTAIN MORGAN: Rum distillery on St. Croix SAN JUAN — Puerto Rico’s cash-strapped government has been losing money through a rebate it gives its rum companies to compete with Virgin Islands distillers, while the rum companies are enjoying an unprecedented cash windfall from it, according to a new report by

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