Board Urges Puerto Rico to Implement Tax, Labor Reforms

The executive director of a federal control board overseeing Puerto Rico's finances said Monday that the island is likely to receive $20 billion more than initially estimated in federal relief as it rebuilds from Hurricane Maria. Overall, Puerto Rico is slated to receive $82 billion, Natalie Jaresko said. She said the funds will help the struggling economy rebound but warned that gains will be short-lived unless there are tax and labor reforms. “It continues to be absolutely...

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