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Puerto Rico's federally appointed financial oversight board on Tuesday unanimously approved a revised fiscal reform plan meant to put the bankrupt island on a path toward solvency, but faced opposition from its elected government for being too strict. The seven board members voted in favor of the plan even though some raised concerns about its ultimate viability to help Puerto Rico resume fiscal balance and economic growth. "Frankly speaking, I don't like this fiscal plan," said Ana Matosantos, a board member who expressed concerns over the magnitude of government spending cuts, which she said could "seriously weaken" services to citizens.

Tue, 23 Oct 2018 12:23:24 -0400

A record-setting $1.6 billion prize in the Mega Millions lottery has Americans dreaming of buying homes, cars, helping financially strapped friends and family and early retirement, but experts caution that with their newfound riches will come many headaches. "A big mistake people think this is a lot of money so let me help everyone," Laurie Ruckel, a trusts and estates lawyer at Loeb & Loeb law firm in New York, said on Tuesday.

Tue, 23 Oct 2018 12:02:28 -0400

U.S. President Donald Trump on Tuesday accused Puerto Rico's politicians of using "massive and ridiculously high amounts of hurricane/disaster funding" to pay off other debts, and said he would not allow a bailout with relief money. "The U.S. will NOT bail out long outstanding & unpaid obligations with hurricane relief money!," Trump said on Twitter. A federally appointed oversight board on Tuesday approved a fiscal reform plan for Puerto Rico over opposition from the island's elected government.

Tue, 23 Oct 2018 11:44:12 -0400

A package containing an explosive device was found in a mailbox outside a New York home owned by billionaire financier George Soros, and the FBI was searching for the sender on Tuesday. Soros, one of the world's biggest donors to liberal groups and causes, has become a hate figure for right-wing campaigners in the United States and eastern Europe, and the target of a hostile media campaign by the nationalist government in his native Hungary. An employee at the home in Katonah, New York, opened the package at around 3:45 p.m. on Monday to find what appeared to be an explosive device, the Bedford Police Department said in a statement.

Tue, 23 Oct 2018 11:14:28 -0400

"Some time ago, doctors diagnosed me with the beginning stages of dementia, probably Alzheimer's disease," O'Connor, 88, said in a letter issued by the court.

Tue, 23 Oct 2018 11:05:53 -0400