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Nov 16 2023
News
Puerto Rico signs multimillion-dollar deal with Texas company to build a marina for mega yachts
Puerto Rico’s government on Thursday signed a multimillion-dollar contract with a Texas-based company to build a marina for mega yachts in the capital of the U.S. territory. Currently, two docks in San Juan are available to yachts and mega yachts, but there is limited space and basic services are not offered, Gov. Pedro Pierluisi said. The new marina to be built by Safe Harbor Marinas, LLC
San Diego Union-TribuneOct 30 2017
News
FBI Is Probing Puerto Rico Power Contract
The Federal Bureau of Investigation is investigating a decision by Puerto Rico’s power authority to award a $300 million contract to a tiny Montana energy firm to rebuild electrical infrastructure damaged in Hurricane Maria, according to people familiar with the matter.
Wall Street Journal (News)Oct 12 2017
News
Trump points to Congress on Puerto Rico assistance
U.S. President Donald Trump on Thursday said federal assistance cannot stay “forever” on the U.S. territory of Puerto Rico following recent hurricanes, and that Congress must determine how much disaster funding to provide.
ReutersMay 04 2016
News
As Puerto Rico Defaults, Eyes Turn to Washington
Puerto Rico’s default on most of a $422 million debt payment on Monday puts the spotlight back on Washington to enact a rescue package for the island, and congressional aides said a revised bill would be introduced next week.
On Monday, Treasury Secretary Jacob J. Lew renewed his call on Congress to act swiftly, warning in a letter to House Speaker Paul Ryan that without a legal
New York Times (News)May 09 2023
News
Woman accused of killing 2 NYU students in Puerto Rico detained by police
The woman accused of fatally shooting two NYU students in Puerto Rico on Saturday has been detained, officials said. Officials identified the two students as Franco Medina, 29, and Sergio Palomino Ruiz, 28. They were in Puerto Rico to celebrate a friend's birthday, according to ABC News New York station WABC. The female suspect, seen in video released by police, is expected to appear in court
ABC News (Online)Jun 29 2015
News
Jeb Bush Supports Chapter 9 for Puerto Rico
Former Florida Gov. Jeb Bush has said that he supports Puerto Rico filing for bankruptcy, in the face of the massive debt the Caribbean island is facing.
When Bush visited Puerto Rico, which is a U.S. territory, on a campaign stop in April, he told a crowd that the public agencies in Puerto Rico should be able to seek bankruptcy under Chapter 9, according to the Puerto Rico Report.
Newsmax (News)Aug 01 2015
News
Puerto Rico To Default After Missing Payment
Puerto Rico will miss a payment on debt due Aug. 1, the governor's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history.
The island faces a number of debt payments that day but had signaled in recent weeks that it may miss the $58 million
HuffPostApr 19 2023
News
Why some advocates say the water in Puerto Rico is not safe to drink
Some Puerto Ricans are worried about the safety of their drinking water. Over the last few decades, some residents and advocates on the island have become skeptical about the water that comes out of their faucet, deciding to drink only bottled water. "I buy bottled water," Bruneli, a resident of Barceloneta, told ABC News. "I've found that the water isn't reliable." The issue stems from a
ABC News (Online)Oct 02 2022
News
Biden will visit Florida and Puerto Rico after hurricane devastation
President Biden will visit Florida and Puerto Rico this week in the wake of the destruction caused by Hurricane Ian and Hurricane Fiona.
Driving the news: The president and the first lady will visit Puerto Rico on Monday and Florida on Wednesday, the White House announced.
When asked last week whether he will meet with Gov. Ron DeSantis (R-Fla.) when he's in Florida, the
AxiosSep 19 2022
News
Hurricane Fiona Knocks Out Puerto Rico Power Grid
Hurricane Fiona landed on Puerto Rico Sunday bringing with it strong wind gusts and rain that knocked out power for the whole island.
Luma, the private consortium that manages Puerto Rico’s electrical transmission and distribution system, said the situation on the island was “extremely dangerous and impeding our ability to evaluate the entire situation,” the Washington Post reported.
The Daily Caller