BREAKING NEWS

Puerto Rico governor cites 'sharp contrast' with island's overseers

By REUTERS

JANUARY 20, 2017 23:26

Puerto Rico Governor Ricardo Rossello on Friday criticized a set of recommendations by the federal board in charge of managing the U.S. territory's finances, signaling a potential power struggle between the government and the board on how to pull the island out of economic crisis.

In a letter to the board on Friday, Rossello said he does not support raising taxes or focusing on layoffs as a primary means of reducing government spending. He said his government would try to repay bondholders if possible, while the board has said the island may only be able to repay 21 percent of what it owes.

Russia says it downs seven Ukrainian missiles over Kursk region

By REUTERS

11/25/2024 06:16 AM

Uruguay's center-left secures presidential victory with 49%

By REUTERS

11/25/2024 05:31 AM

Australia PM plays down privacy fears of social media ban for children

By REUTERS

11/25/2024 04:58 AM

Russian forces capture British man fighting with Ukraine, RIA reports

By REUTERS

11/25/2024 03:55 AM