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Puerto Rico teachers' associations are trying to delay the March 15 enactment of the Plan of Adjustment while they appeal it.
March 3 -
The restructuring is on track to occur March 15, officials said.
March 3 -
The Oversight Board also approved a new fiscal plan for the Highways and Transportation Authority.
February 23 -
At issue is about $400 million the board would like Puerto Rico's government to retain.
February 18 -
While the Puerto Rico Senate would not take up a House-approved budget amendment that would allocate money to repay bondholders, analysts expect the Oversight Board to approve the funding.
February 17 -
The measure authorizes spending $10.9 billion from past years’ revenues for paying various Plan of Adjustment entities, including nearly $8 billion to pay bondholders and bond insurers.
February 15 -
Their filings in court follow similar arguments they made against teachers' associations last week.
February 14 -
House fails to approve budget amendment allowing payment to bondholders.
February 11 -
The board said a stay would inflict serious harm on Puerto Rico by plunging it into “financial chaos,” send the bankruptcy process “back to square one,” and would “needlessly delay the commonwealth’s economic recovery.”
February 10 -
The unrest potentially has short- and long-term impacts on the local government and its finances, analysts say.
February 9