For over a decade Puerto Rico has been facing a crisis, a debt that is impossible to paid off. For now, Puerto Rico is attempting to bring back corporations through a series of tax incentives, which have been signed into law since 2008. For now, Puerto is trying to foster entrepreneurship and sustaining the future.
In a desperate attempt to cut costs as the country's debt crisis only worsens, the governor of Puerto Rico has ratified a bill that allows all 78 of the island's municipal governments to share administrative services.
The U.S. House of Representatives passed the PROMESA Act, which addresses Puerto Rico’s debt crisis, but in the process also allows the commonwealth’s minimum wage to drop to $4.25.
A bill creating a Puerto Rico oversight board is headed to Congress aftter the House Committee on Natural Resources approved it Wednesday. While Republicans say it will not affect U.S. taxpayers, some Democrats wonder if lower wages and exempt overtime rules will harm Puerto Ricans.
Project Ara, the modular smartphone concept that gained a lot of attention last year, seemed to fall by the wayside of Google's ambitions in recent months. Now it looks like Ara just got fast-tracked.
Lin-Manuel Miranda is using his talent to bring awareness about Puerto Rico and the island's massive debt crisis, and he is offering U.S. members of Congress tickets to his smash Broadway hit "Hamilton" for their assistance.
In an effort to further monitor the Zika virus awareness and prevention campaign, U.S. Department of Health and Human Services (HHS) Secretary Sylvia Burwell will visit Puerto Rico on April 26, including a meeting with Gov. Alejandro Garcia Padilla.
The cash-strapped island cannot afforts to fund hospitals and hospital staff necessary for fighting Zika, the bloodborne disease that can have devastating affects on infants and pregnant women.
Several Republicans believe Puerto Rico can restructure its debt payment plan without U.S. government assistance, but letting the island nation falter would have a domino effect on U.S. taxpayers.
Likely in response to Puerto Rico's deteriorating health care, the U.S. Department of Health and Human Services (HHS) will increase Medicare rates for the commonwealth by slightly more than one percent.
In a message to Speaker of the House Paul Ryan, R-Wisc., Puerto Rico Education Secretary Rafael Roman Melendez further made the case about the commonwealth’s debt crisis and the impact on children’s education.
Puerto Rico Gov. Alejandro Garcia Padilla is continuing his campaign for congressional leaders to move forward with legislation that will give the U.S. commonwealth solutions for its debt and health crises.
Puerto Ricans, who if born within the commonwealth are given U.S. citizen status, received some attention during the "Latin America" segment of the latest Democratic presidential debate.
Puerto Rico Gov. Alejandro Garcia Padilla wrote a letter to House of Representatives Speaker Paul Ryan announcing financial statements from 2014 will be released soon and dismissed rumors of lack of reliable financial information from the island.
In order to help alleviate Puerto Rico's massive $72 billion debt, government officials held a meeting on Thursday, hoping to attract wealthy investors to move to the U.S. territory.
To alleviate Puerto Rico's financial and health crises, President Barack Obama made a number of proposals for the commonwealth in his 2017 fiscal year budget.
