Puerto Rico faces austerity measures amid budget wrangling - AP

New austerity measures are looming for storm-battered Puerto Rico after local legislators refused to alter labor laws as demanded by a federal control board that said changes would stimulate the U.S. territory's economy amid an 11-year recession. The board that is overseeing the island's finances said today it will eliminate a $25 million scholarship fund for Puerto Rico's largest public university, as well as a $50 million annual fund for cities and towns struggling in the aftermath of Hurricane Maria. The board said it also will scrap an annual Christmas bonus for all government employees starting next fiscal year. http://www.vindy.com/news/2018/jun/29/puerto-rico-faces-austerity-measures-amid-budget-w/