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Board: Court could decide Puerto Rico power company debt

A federal control board overseeing Puerto Rico's finances announced Friday that it will allow the U.S. territory to ask a court to restructure roughly $9 billion in debt held by … Click to Continue »
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Board: Puerto Rico to be hit with painful austerity measures

Politics / US Politics : Washington Watch

The newly appointed head of a federal control board that oversees Puerto Rico's finances warned on Tuesday that the U.S. territory will be hit with painful austerity measures in upcoming … Click to Continue »

Puerto Rico hit with 2 lawsuits challenging board's power

Politics / US Politics : Washington Watch

Puerto Rico was hit with two lawsuits Monday that for the first time challenge the constitutionality of a federal control board overseeing the island's finances and its power to start … Click to Continue »

Board rejects Puerto Rico budget because of overspending

Politics / US Politics : Washington Watch

A federal control board overseeing Puerto Rico's finances rejected the U.S. territory's proposed budget on Tuesday because it said it lacks at least $200 million in specific cost-saving measures and … Click to Continue »

Furloughs approved for 1st time in Puerto Rico's history

Politics / US Politics : Washington Watch

A federal control board overseeing Puerto Rico's crisis-wracked finances announced Friday that it will impose furloughs for the first time in the U.S. territory's history. Furloughs of up to two … Click to Continue »

US control board to probe Puerto Rico debt, ties to crisis

Politics / US Politics : Washington Watch

A federal control board overseeing the finances of Puerto Rico's government says it will investigate the U.S. territory's debt and its relationship to the island's economic crisis. Wednesday's announcement comes … Click to Continue ...

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