Puerto Rico's debt plan faces scrutiny

|By:, SA News Editor

The federal board overseeing Puerto Rico's finances will meet today in New York, where it must decide on a plan for ending its chronic deficits.

The island hopes to restructure more than $110B of debt and pension obligations, but it must first produce a credible fiscal plan.

Last week, the board told Gov. Ricardo A. Rossello his proposal was unrealistic and asked him to make revisions.