The Economic Development Bank for Puerto Rico estimate for economic activity for fiscal 2019 overall, though, was raised.

San Francisco's ratings, economy challenged by coronavirus

The supplemental spending bill is unorthodox in normal times yet an increasingly common tactic among states during the coronavirus pandemic.

Federal Reserve Vice Chairman Richard Clarida said the U.S. central bank is prepared to take additional steps to support the economy through the damage caused by the coronavirus.

A second wave of coronavirus cases in the fall will probably push the U.S. unemployment rate higher again, Federal Reserve Bank of Minneapolis President Neel Kashkari said on Twitter.

The House's Invest In America Act is part of a larger infrastructure package that includes sought-after bond provisions.

With low inflation and high unemployment, the Boston Fed president said the economy will likely need more monetary and fiscal policy support.

Saddled with debt and its revenues now pummeled by the coronavirus, the agency faces a possible lawsuit over the austerity-related toll collector layoffs.