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The territorial government's resistance to the labor law may prompt Oversight Board to approve its own version of the budget due this month.
June 18 -
Magistrate Judge Judith Dein said she'd take up the investigation issue at a June 18 hearing.
June 7 -
The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.
June 5 -
The disagreement over at-will employment is the latest episode on a struggle over policy measures intended to pull the territory out of recession and help in payment of its debt.
May 31 -
Investors, already frustrated with the lack of progress since PROMESA was passed, face at least another two years before most debt payments will resume.
May 30 -
The Oversight Board's executive director said the budget's future is linked to government introduction of at-will employment law.
May 23 -
The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.
May 21 -
The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.
May 18 -
April’s General Fund collection was 15.7% higher than that of April 2017.
May 16 -
The consensual plan for $4.2 billion of Government Development Bank bonds amounts to repayment of 55 cents on the dollar.
May 11