Puerto Rico legislators rush to approve budget amid economic crisis
SAN JUAN, Puerto Rico — Puerto Rico legislators on Friday rushed to try to approve a budget amid debate on how best to revive the U.S. territory’s economy, which the New York Federal Reserve president...
View Article>Puerto Rico awaits budget to solve economic crisis
SAN JUAN, Puerto Rico (AP) — Puerto Rico legislators on Friday rushed to try to approve a budget amid debate on how best to revive the U.S. territory's economy, which the New York Federal Reserve...
View ArticlePuerto Rico hopes to close budget deficit in two to three years
SAN JUAN, April 26 (Reuters) - Puerto Rico would see its deficit decline substantially to $200 million under a proposed budget for the 2014 fiscal year unveiled by the territory's governor, who said...
View ArticlePuerto Rico governor says bond-ratings cut a 'wake-up call'
March 14 (Reuters) - Puerto Rico's new governor on Thursday said a stinging Wall Street bond-ratings cut to near-junk bond status was a "wake-up call" that underscored the need for pension and budget...
View ArticlePuerto Rico delegate seeks vote for statehood
SAN JUAN, Puerto Rico (AP) -- Puerto Rico's representative in Congress is seeking an unprecedented yes-or-no vote on whether the island should become the 51st state, submitting a bill Wednesday that...
View ArticlePuerto Rico awaits budget to solve economic crisis
SAN JUAN, Puerto Rico Puerto Rico legislators on Friday rushed to try to approve a budget amid debate on how best to revive the U.S. territory's economy, which the New York Federal Reserve president...
View ArticlePierluisi Statement on Moody's Decision to Place Puerto Rico General...
(Source: Pedro Pierluisi) Washington, DC-Resident Commissioner Pedro Pierluisi released the following statement: "Unfortunately, Moody's Investors Service, one of the three main credit rating agencies,...
View ArticleFed chief says Puerto Rico needs economic action
San Juan, Puerto Rico • Puerto Rico’s government needs to move quickly to adopt measures to help pull the island out of a nearly decade-long economic slump, the president of New York’s Federal Reserve...
View ArticleNY Fed chief: Puerto Rico on economic deadline
SAN JUAN, Puerto Rico — Puerto Rico's government needs to move quickly to adopt measures to help pull the island out of a nearly decade-long economic slump, the president of New York's Federal Reserve...
View ArticlePuerto Rico governor offers debt restructuring for public corporations
SAN JUAN, June 25 (Reuters) - Puerto Rico's Governor Alejandro Garcia Padilla unveiled a bankruptcy-like process for public corporations to restructure their debts on Wednesday, in a fresh bid to shore...
View ArticlePuerto Rico governor approves balanced budget
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor on Tuesday signed the U.S. territory's first balanced budget in more than a decade amid an economic slump that has concerned U.S. investors. The $9.6...
View ArticlePuerto Rico to cut budgets, renegotiate loans
SAN JUAN, Puerto Rico (AP) — Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing concerned bondholders a day after credit rating...
View ArticleUPDATE 1-Puerto Rico governor offers debt restructuring for public corporations
(Adds PREPA details, bond yields) SAN JUAN, June 25 (Reuters) - Puerto Rico Governor Alejandro Garcia Padilla unveiled a bankruptcy-like process for some public corporations to restructure their debts...
View ArticlePuerto Rico urges action amid bond rating drop
SAN JUAN, Puerto Rico (AP) -- Puerto Rico's government on Thursday urged legislators to move quickly and approve financial austerity measures following a report from a Wall Street ratings agency that...
View ArticlePuerto Rico court strikes down new pension law
SAN JUAN, Puerto Rico (AP) Puerto Rico's Supreme Court on Friday ruled that a law to change a teachers' retirement system is unconstitutional, dealing a blow to the U.S. territory's governor as he...
View ArticleUPDATE 1-Puerto Rico pension changes are "credit positive" -Moody's
n">May 15 (Reuters) - Puerto Rico's recently enacted changes to a badly under funded pensions system for government workers is "credit positive" for the heavily indebted Caribbean island, Moody's...
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