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Puerto Rico Economy

Puerto Rico Shares Details Of Economic Recovery Plan

AP | Posted 05.07.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's government has unveiled details of an economic recovery plan to pull itself out of a nearly eight-year re...

Puerto Rico Presents First Balanced Budget In Over A Decade

AP | DANICA COTO | Posted 04.30.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor on Tuesday presented the territory's first balanced budget in more than a decade, fulfilling a p...

Puerto Rico Seeks To Lure Wealthy Investors

AP | DANICA COTO | Posted 04.25.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico hopes to persuade wealthy investors to bet on the U.S. territory at a two-day conference aimed at attractin...

Puerto Rico Considers Radical Measures To Fix Ailing Economy

AP | DANICA COTO | Posted 04.11.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Slash the number of public holidays by two-thirds. Eliminate dozens of government agencies. Legalize marijuana and pros...

Puerto Rico Makes Major Move For Economy

AP | DANICA COTO | Posted 02.28.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's Senate approved a bill Thursday that authorizes the U.S. territory to sell up to $3.5 billion in bonds as...

Why The U.S. Is Partially To Blame For Puerto Rico's Debt Crisis

The Huffington Post | Adriana Usero | Posted 02.27.2014 | Politics

WASHINGTON -- Puerto Rico's debt crisis results from the island's status as a United States territory lacking the benefits of statehood, according to ...

Why Puerto Rico Is Cracking Down On Tax Evaders

AP | DANICA COTO | Posted 02.19.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's government is cracking down on tax evaders to increase revenue and help pay off $70 billion in public deb...

Puerto Rico's Plan For The Economy

AP | DANICA COTO | Posted 04.13.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor says he plans to boost the U.S. territory's economy by overhauling the tax system and reducing g...

Another Blow For Puerto Rico

AP | DANICA COTO | Posted 02.09.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had ...

The Struggle Facing Puerto Rico's Retirees

AP | DANICA COTO | Posted 04.09.2014 | Latino Voices

SAN GERMAN, Puerto Rico (AP) — Maxi Fajardo smiles as she recalls moving to New York City from Puerto Rico in her late teens, falling in love, findi...

Puerto Rico Debt Downgraded To Junk Status

AP | DANICA COTO | Posted 02.06.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing...

Puerto Rico To Announce Balanced Budget Plan

Americas Quarterly | Posted 02.05.2014 | Latino Voices

Puerto Rican Governor Alejandro García Padilla plans to present Puerto Rico’s balanced budget plan a year early in response to the Switzerland-base...

Puerto Rico Prepares For Possible Bonds Downgrade

AP | DANICA COTO | Posted 01.29.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Top Puerto Rican officials met Tuesday with credit rating agencies in New York amid growing concerns the U.S. territory...

Puerto Rico Approves Measures To Manage $70 Billion Debt

AP | DANICA COTO | Posted 01.24.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's Senate approved several measures late Thursday aimed at helping the U.S. territory take on new loans and ...

Puerto Rico's Economy Is Stronger Today Than It Was a Year Ago

Alejandro García Padilla | Posted 03.18.2014 | Latino Voices
Alejandro García Padilla

We had a tough first year, but our efforts have reaped clear rewards: thousands of new jobs, a reduced deficit, pension reform, new revenue creation, and new investments. It will not get easier, but I am confident that we have taken the right actions to rebuild Puerto Rico.

Puerto Rico's Economic Problems Not Going Away -- My Newyorican Suggestions

Julio Pabon | Posted 02.10.2014 | Latino Voices
Julio Pabon

The government should promote Puerto Rico as the 'Homeland' to all Puerto Ricans living outside the island and concentrate on programs to attract this sector that spends an average of $60 Billion annually in the states.

U.S. Will Send Team To Help Puerto Rico's Economy

AP | DANICA COTO | Posted 11.21.2013 | Latino Voices

SAN JUAN, Puerto Rico (AP) — The U.S. government is sending a team of federal officials to help Puerto Rico manage an economic crisis that has spook...

Puerto Rico Denies It's On The Verge Of Bankruptcy

AP | DANICA COTO | Posted 10.16.2013 | Latino Voices

SAN JUAN, Puerto Rico -- SAN JUAN, Puerto Rico (AP) — The government of Puerto Rico denied Tuesday that it is near bankruptcy or might need U.S. fed...

Puerto Rico's Financial Woes

AP | DANICA COTO | Posted 09.14.2013 | Latino Voices

SAN JUAN, Puerto Rico -- Puerto Rico is crafting a new financing plan as it seeks to reassure investors that it will not default on its obligations af...

The Worst Unemployment Rate In The United States

Reuters | Posted 11.11.2013 | Latino Voices

* Caribbean island's population dropped 1.5 percent in a year * Exodus stings housing, schools and businesses * Jobs sc...

Solving Puerto Rico's Economic Crisis

AP | DANICA COTO | Posted 06.29.2013 | Latino Voices

SAN JUAN, Puerto Rico -- Puerto Rico legislators on Friday rushed to try to approve a budget amid debate on how best to revive the U.S. territory's ec...

Puerto Rico And Dominican Republic Reach Agreement

AP | Posted 05.09.2013 | Latino Voices

SAN JUAN, Puerto Rico -- Puerto Rico and the Dominican Republic have signed an economic agreement to help boost sectors including agriculture, educati...

Puerto Rico Sits On 'Fiscal Time Bomb' Over Unfunded Pensions

AP | DANICA COTO | Posted 07.28.2014 | Latino Voices

Office clerk Lillian Marti hopes to retire one day with a decent pension. Now, like many other employees of Puerto Rico's government, she's beginning ...

Did Puerto Rico Really Vote for Statehood?

Bennett L. Gershman | Posted 01.14.2013 | Politics
Bennett L. Gershman

A new status for Puerto Rico, even statehood, may be inevitable. However, it does not appear as yet that statehood commands a majority of voters, despite the big headlines.

Puerto Rico May Fire Dozens Of Politicians

AP | By DANICA COTO | Posted 01.19.2012 | World

SAN JUAN, Puerto Rico -- Lawmakers in Puerto Rico have been accused of corruption, cocaine use and domestic violence, feeding scorn among a public alr...