An international banker accused of bribing Puerto Rico’s then-governor to undermine an investigation into his institution turned himself in on Wednesday, almost a month after he was charged in federal court, the Associated Press reported.
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Persistent power outages and threats from Puerto Rico’s government prompted a company that operates the island’s transmission and distribution system to announce yesterday that it would dedicate more resources and crews to improve service, the Associated Press reported. The move came just hours after the U.S.
Puerto Rico’s Electric Power Authority and its creditors will keep negotiating through Sept. 9 to strike a potential deal to reduce $9 billion of debt, Bloomberg News reported. A mediation team that manages the debt talks said it needs more time beyond an Aug. 15 deadline for discussions, according to a court filing yesterday.
Former Puerto Rico Gov. Wanda Vázquez Garced was arrested Thursday and charged with participating in a bribery scheme to finance her 2020 gubernatorial campaign, the Justice Department said, the Wall Street Journal reported. Ms.
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This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.