HUD Stalls Transfer of CDBG Funds El Nuevo Día reports that the U.S. Department of Housing and Urban Development (HUD) is currently waiting for the Puerto Rican government to show that it can properly manage
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Governor Ricardo Rosselló Pursues More Help from Congress Governor Ricardo Rosselló sent a letter to Congressional leaders requesting additional billions in federal funding. In the letter, the Governor listed his priorities for the lame-duck Congressional
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Tax Reform Goes to Governor’s Desk, FOB Objects to Provisions Governor Ricardo Rosselló has said he will sign a controversial tax reform legislation that passed the legislature without public hearings or debate. The Fiscal Oversight
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Governor, FOB Reach Budget Agreement; Legislature Still Not On Board The Governor and the Fiscal Oversight Board reached an agreement to resolve an impasse that threatened to further delay the budget process. The Governor agreed
Bondholders Reach Tentative Deal to Restructure Half of Puerto Rico’s Debt; FOB, Commonwealth Oppose Agreement but Fiscal Board Calls Framework “Step in the Right Direction” Groups holding up to half of Puerto Rico’s $70 billion
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More Questions Than Answers After Senate Energy Hearing The Senate Energy and Commerce Committee held a hearing on the path forward for Puerto Rico’s electricity grid, eight months after Hurricane Maria devastated the Island. Committee
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