More Puerto Rico Articles

  • Puerto Rico on shaky ground with creditors

    SAN JUAN, Puerto Rico (AP) — Puerto Rico's government has managed its first balanced budget in more than a decade. Sales tax revenues are up and the publicly owned power company has won breathing room to pay its debts. The U.S. territory has managed to buy some time to stave off an economic...

  • Puerto Rico power company's finances spark concern

    SAN JUAN, Puerto Rico (AP) — U.S. investors on Thursday pressed Puerto Rico government officials about the financial health of the island's power company amid fears it might soon seek to restructure millions of dollars in debt. The questions came after a nearly two-hour webcast in which...

  • US govt get $946M from Puerto Rico's Popular bank

    SAN JUAN, Puerto Rico (AP) — The U.S. Treasury Department says the government has received a total of $946 million in repayment from the Puerto Rican bank Popular Inc. as part of a federal bailout program. The treasury said Wednesday that Popular was the largest bank that remained in the...

  • NY Fed chief: Puerto Rico on economic deadline

    SAN JUAN, Puerto Rico (AP) — 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 Bank said Tuesday. William Dudley said during a visit to Puerto Rico that the New York...

  • Puerto Rico's financial crisis may need a Washington solution

    After nine years of economic stagnation, Puerto Rico is in desperate need of private investment, as the island teeters on financial collapse.



From the Weekly Standard