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Treasury Secretary Steve Mnuchin said Puerto Rico will have to look for an alternative to the Act 154 tax.
September 12 -
Lawyers say relations between the governor and the Oversight Board have improved with the new governor.
September 11 -
Two contracts worth $1.8 billion were improperly awarded to Cobra for its work restoring electricity, the U.S. Attorney's office said.
September 10 -
Bond insurers National and Syncora agreed to back the Puerto Rico utility's restructuring plan, bringing support to more than 90%.
September 9 -
The unsecured creditors want to prevent GDB successors from making $578 million of claims against central government.
September 6 -
The mediation, initiated six weeks ago to resolve disputes over almost $25 billion of bonds, has yet to address the core issue of legality of some of the debt, according to a bondholder familiar with the process.
September 5 -
The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.
September 3 -
U.S. Court of Claims Judge Richard Hertling said Tuesday he would issue the stay because he expects key rulings by the Supreme Court and an appellate court.
August 27 -
Judge Laura Taylor Swain sided with the Oversight Board as it sues the local government to comply with its fiscal plans.
August 23 -
CDBG mitigation is a new program to support communities for events that are likely to occur rather than recovery from events that have already occurred. Some disaster recovery funds have been used in the past for mitigation.
August 23