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The step is said to be unprecedented in the history of Chapter 9 bankruptcy.
April 4 -
Twenty-three members of Congress are urging the Oversight Board to pull back the bonds' underwriting and other fees.
April 3 -
The IRS audit of the Puerto Rico Municipal Finance Agency's $59 million in 2005 Series B Refunding Bonds is the third IRS audit of tax-advantaged bonds involving the commonwealth announced over the last six weeks.
April 3 -
The board acknowledged Puerto Rico is in compliance with the fiscal 2019 budget, even as it wrangles with the local government over next year's plan.
April 2 -
If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.
March 28 -
The House Natural Resources Committee has scheduled a May 2 hearing to examine the successes and failures of PROMESA.
March 28 -
The Senate on Wednesday debated a $13.45 billion disaster aid bill that would require Puerto Rico to assume a local share of additional FEMA aid rather than the 100% federal share in a bill passed by the House.
March 27 -
1st Circuit judges upheld the bankruptcy court's ruling that payment of special revenue bonds is voluntary.
March 27 -
As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.
March 25 -
A motion in Title III bankruptcy court by holders of $4 billion of PBA bonds may thwart an effort by the Oversight Board to nullify $6 billion of general obligation bonds.
March 21