Puerto Rico's unemployment rate has dropped nearly two percentage points - from 16.9% to 14.9% - since March of this year and it may just be the formula for substantial job growth.

Puerto Rico is finally beginning to implement the debt refinancing and fiscal stabilizers called for in PROMESA. The first such debt restructuring, with the electric utility known as PREPA, will ...

The contentious debate surrounding the economy was temporarily put on hold this week after we were all surprised by a much-needed patriotic glimmer of hope – the demise of Osama Bin Laden. But ...

Puerto Rico faces a massive fiscal and debt crisis, and Congress is looking for a way to help. ... Capital should follow good policy and sound management, too.

Last week, the oversight board created to stabilize Puerto Rico’s economy voted on various fiscal plans for the island that has faced years of economic turmoil.. The island faces a public debt ...

Part I of five-part series "Austerity on the Island" Puerto Rico, with more than $70 billion of bonds at stake, has become the latest testing ground of austerity as the right prescription for an ...

The most recent version of the central government’s fiscal plan features economic projections inconsistent with the historical experience of places that have been impacted by hurricanes, as well as ...

Puerto Rico’s government unveiled a fiscal plan Thursday under which the commonwealth would only be able to support $2.5 billion to $14 billion of debt in the long term, a fraction of its ...

He said Puerto Rico’s budget deficit for Fiscal Year 2009 was the highest in the nation, a stunning 43.6 percent of all revenues. Spending Cuts, Tax Cuts. For the current fiscal year which began July ...

Less than 1,000 miles off the coast of Florida, Puerto Rico is suffering from an unprecedented financial collapse that has left the territory with a nearly 50% poverty rate and $72 billion in debt ...