28-01-2017 13:28 via wbrz.com

Puerto Rico gets more time to propose fiscal plan

SAN JUAN, Puerto Rico - A federal control board is giving Puerto Rico's government more time to figure out how to confront its financial crisis.Saturday's action gives the territorial government a little more time to negotiate with creditors and stave off possible lawsuits. The deadline for presenting a fiscal plan moves to Feb. 28 instead of Jan. 15. And the moratorium on lawsuits now extends to May 31 instead of Feb. 15.Gov. Ricardo Rossello says in a statement that the measure shows the gover
Read more »