Puerto Rico’s mismanaged, broken infrastructure worsens drought impact

Puerto Rico has entered a period of water rationing as existing infrastructure issues worsen the impact of an ongoing drought. While government officials focus on the lack of rain, residents point to government mismanagement and underfunded, aging infrastructure as the source of many ongoing issues, from water shortages to years of rolling blackouts. Lilia Luciano … Read more

Chances of a Federal Reserve rate cut fade as inflation worsens

WASHINGTON — The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures … Read more