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The Oversight Board called the deal to reduce cuts to retirees a "crucial step" toward restructuring $25 billion in bonds and loans.
June 12 -
The new bonds would offer about 25 basis points less in interest.
June 11 -
He said the board has been inaccurate in its financial predictions and that he wouldn’t participate in any cuts to pensioner benefits.
June 10 -
The central government has $2.2 billion more than projected, raising hopes that bondholder losses may be mitigated.
June 4 -
The commonwealth overall has been allocated $42.3 billion in disaster aid since Hurricanes Maria and Irma struck the island, not counting the new funding approved by Congress.
June 4 -
The disaster-aid measure was delayed for about six months amid Trump’s objections to additional aid for Puerto Rico.
June 4 -
The board referred 13 public entities to the Puerto Rico Secretary of Justice and U.S. Department of Justice.
May 30 -
A surplus this coming fiscal year will be used in following years for debt and pension payments, Executive Director Natalie Jaresko said.
May 28 -
Over the first 10 months of the fiscal year, General Fund net revenues are 11% above October projections.
May 24 -
Court filings cast doubt on repayment of an additional $5.1 billion in the territory's debt restructuring.
May 22