-
The agreement “would increase prices by up to 21%” and it’s “highly unlikely PREPA will be able to completely offset the legacy debt charges,” resulting in “considerably higher electricity rates for decades to come,” said the letter signed by four senators and 32 House members.
June 13 -
The Oversight Board called the deal to reduce cuts to retirees a "crucial step" toward restructuring $25 billion in bonds and loans.
June 12 -
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 -
Municipal bond buyers are prepared Monday to see almost $7 billion of volume head their way this week.
June 3 -
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