All posts tagged "fiscal crisis"

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  House Speaker-elect Ensures Cooperation With Fiscal Board

  Carlos "Johnny" Méndez reacts to FOB letter

  • Posted December 21, 2016
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  Fiscal Board: Government Deficit Higher than Estimated

  The new estimated deficit is almost $10 billion more than originally projected

  • Posted December 20, 2016
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  Alberto Bacó acknowledges hardships for Puerto Rico’s economic development

  SAN JUAN – The migration of Puerto Ricans and lack of liquidity squandered economic development efforts led by Alberto Bacó Bagué, and today the outgoing Economic Development (DDEC by its Spanish initials) secretary insisted at the transition...

  • Posted December 1, 2016
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  Proskauer Rose Selection Raises Creditor Concern

  Jitters over restructuring loom

  • Posted December 1, 2016
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  Puerto Rico’s government deficit reaches alarming levels

  SAN JUAN – The transition committee president of the incoming government administration, Elías Sánchez, said Monday that the deficit left by the administration of Gov. Alejandro García Padilla is of more than $6 billion, while the outgoing government maintains...

  • Posted November 22, 2016
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  Puerto Rico Gov’t Warns About February Fiscal Cliff

  Reveals cash flow projections, raises flags about moratorium expiration

  • Posted November 16, 2016
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  Toa Baja suspends services amid economic crisis

  SAN JUAN — The municipality of Toa Baja has closed city hall and put nearly all of its employees on involuntary vacation because officials say they don’t have money to pay salaries. Mayor Jorge Ortiz says the struggling...

  • Posted November 7, 2016
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  Fiscal Board Seeks Reconsideration of Besosa’s Ruling

  Board says judge made at least 'three manifest errors of law'

  • Posted November 2, 2016
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  Gov’t Reacts to Notice Given to GDB Depositors

  The bank receives some funds that help its ailing liquidity, meet priority disbursements

  • Posted November 1, 2016
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  Government Submits Financial Information to Fiscal Board

  Still working on some of the reports requested

  • Posted November 1, 2016