After President Donald Trump suggested that Puerto Rico's debt may need to be written off, a benchmark Puerto Rico bond fell to record lows Wednesday. In a Fox News interview on Tuesday, President Trump said, "You know they owe a lot of money to your friends on Wall Street. We’re gonna have to wipe...
SAN JUAN, Puerto Rico (Reuters) - Puerto Rico’s Governor Ricardo Rossello on Monday pressed proposals for privatizing the U.S. commonwealth’s shattered electrical grid as part of its painstaking.. Source: Wochit News -
On Tuesday, Puerto Rico’s electric utility has received court approval to borrow $300 million to help pay expenses, well below the amount initially sought, but enough to avert power outages it had.. Source: Wochit News -
According to a report by NBC News on Thursday, Puerto Rico has suspended a 133 million-dollar contract for hurricane relief given to the firm of President Donald Trump’s former pick for a top FEMA.. Source: Wochit News -
NEW YORK (Reuters) - Puerto Rico Governor Ricardo Rossello released a revised fiscal plan on Tuesday that will use $18 billion of additional money from the U.S. federal budget to transform the bankrupt.. Source: Wochit -
Puerto Rico said on Friday it will receive $16 billion in federal aid under a disaster recovery package signed on Friday by U.S. President Donald Trump. That money includes nearly $7 billion announced.. Source: Wochit News -
Jan.31 -- Rep. Darren Soto (D) reacts to Trump's State of the Union Address, discussing Puerto Rico, infrastructure, and his outlook for 2018. He speaks on "Bloomberg Surveillance." Source: Bloomberg Politics -