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Biden called on Congress to amend the Social Security Act to include Puerto Rican residents for benefits. The Oversight Board has said the benefits would lead to $1 billion more per year to island residents.
June 7 -
Bank of America, JPMorgan, Goldman Sachs, Citigroup, UBS, Morgan Stanley, RBC, and Santander are defendants.
June 4 -
A return to the local court remains possible.
June 3 -
If Congress does not act on the island’s Medicaid funding by the end of September, the funding shortfall would force officials to drop an estimated 800,000 people from the rolls.
June 3 -
Court gives Senate president short deadline to respond to legal inquiries and experts do not see a strong case.
June 2 -
The board plans to pick an operator for PREPA's electrical generation in second half of this year.
May 28 -
The Board will address several of Puerto Rico's authorities' fiscal plans and will have an update about PREPA's transition of its systems to the private operator, LUMA Energy.
May 26 -
FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.
May 21 -
While its budget does not include debt service, the executive director said she anticipated amending it in the coming fiscal year once the plan of adjustment is finalized.
May 20 -
Long-term economic stability is not sustainable, economists say, after federal aid dries up.
May 19