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The board continues to struggle with the local government on fiscal matters six years after PROMESA's passage.
June 8 -
Some observers of Puerto Rico politics are concerned its government continues to avoid fiscal responsibility, ignoring past mistakes that led to the bankruptcy.
June 3 -
The Bankruptcy Judge extended the deadline for PREPA debt negotiations to July 1 and bondholders expressed frustrations, warning they may seek full repayment if a deal is not made.
May 31 -
All parties except for the Unsecured Creditors Committee support the extension.
May 26 -
A firm representing the Oversight Board also represented firms that acquired a loan portfolio from a board-controlled entity.
May 25 -
The authority will takes steps to raise $1 billion to address expected growth of expenses.
May 20 -
A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.
May 20 -
The main bond classes appear to clear the two-thirds majority needed for a court endorsement.
May 18 -
The authority currently projects $169 million in losses over three months, though FAFAA says it won't be that bad.
May 17 -
The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.
May 12