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U.S. Justice Department responds to hedge funds seeking reimbursement for Oversight Board impairments to bonds.
May 22 -
Justifying the latest bid to recover funds related to illegally issued debt, the board says the legislature failed to authorize the pension system bonds.
May 20 -
An IRS opinion that the existing bonds are tax-exempt is key to the exchange offer.
May 17 -
The delay of $220 million of pension savings is the latest "upsetting piece of news for bondholders."
May 16 -
The board and the governor remain about $500 million apart on spending.
May 14 -
The anticipated surplus for fiscal years 2019 through 2013 has dropped to $11.6 billion from $15.1 billion, leaving less money for debt service and capital spending.
May 9 -
The plan continues a cut to the pension system found in earlier versions.
May 9 -
New expectations for disaster funding, gross national product growth rates, and population may change projections of money for debt.
May 8 -
Assured Guaranty CEO Dominic Frederico said at the recent AFGI Puerto Rico Bankruptcy Risk Summit that "the open disregard of law" among public officials in Puerto Rico "could give public officials elsewhere reasons to believe they could escape their obligations."
May 7 -
James Spiotto, Managing Director at Chapman Strategic Advisors, explains why he believes U.S. district court Judge Swain's decision on special revenue bonds was wrong, and the impact it may have on revenue bond issuance, at the recent AFGI Puerto Rico Bankruptcy Risk Summit.
May 7