Puerto Rico Governor Ricardo Rosselló Resigns (tags)
Puerto Rico Governor Ricardo Rosselló resigned Wednesday. Protests engulfed the island for nearly two weeks after Rosselló drew criticism for offensive language in leaked communications and the FBI arrested former members of his administration on corruption charges.
Puerto Rico Bankruptcy Process Begins (tags)
Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan.
Puerto Ricans Gather at Diaspora Summit as Island Begins Bankruptcy Process (tags)
Puerto Ricans from across the United States and the Caribbean island are meeting in New York City to discuss the island's economic crisis.
Puerto Rico Oversight Board Meets as Bankruptcy Deadline Approaches (tags)
Puerto Rico's oversight board meets on April 28th in New York and could authorize a bankruptcy process for the debt ridden island.
Puerto Rico and Bondholders Agree on Electric Company Debt Deal (tags)
Puerto Rico’s electric utility company (PREPA) and bondholders reached an agreement to restructure $8.9 billion in debt, according to an announcement from the island's government.
Puerto Rico Oversight Board Holds Economic Growth Meeting (tags)
Puerto Rico's Financial Oversight and Management Board meets in San Juan to discuss economic growth proposals for the island.
Puerto Rico Governor Releases New Fiscal Plan (tags)
Puerto Rico's Governor Ricardo Rosselló released a new fiscal plan that seeks to balance the island's budget by 2019.
Puerto Rico House Approves Utility Reform Bill: Part of Proposed Debt Deal (tags)
Puerto Rico's House of Representatives approved legislation to reform its highly indebted public utility company "PREPA."
Puerto Rico Cuts Services as Budget Gap Grows (tags)
Puerto Rico's government continues to cut public services as the economic crisis worsens. The Government Development Bank announced this week that the island's budget gap is $2 billion higher than expected. The prison system in Puerto Rico can no longer pay a vendor that feeds inmates. Some special education teachers are no longer being paid.
Puerto Rico Avoids Default Governor Announces Revenue "Claw-Back" to Fund Government Ser (tags)
Puerto Rico doesn't default under outrageous debt structuring.
Puerto Rico's Debt Crisis (tags)
Puerto Rico