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With a weakened government, the Oversight Board may be emboldened to take more unilateral actions on bond restructuring, analysts said.
July 22 -
This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.
July 17 -
FEMA's "empty chair" at hearing draws fire from members of the House emergency preparedness subcommittee.
July 12 -
The Supreme Court will rule on both the legality of the board members' appointments and the validity of their rulings since appointment.
July 3 -
The board's suit has the same cause as a frozen suit against PREPA.
July 1 -
The board anticipates spending $596 million for COFINA and GDB debt service.
July 1 -
Signed on June 30, 2016, the Puerto Rico Oversight, Management, and Economic Stability Act sent Puerto Rico’s bondholders and residents on a difficult odyssey that is far from over.
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They say a ruling in the Aurelius case reinforces their contention that the Puerto Rico Oversight Board is a federal body.
June 20 -
The U.S. Senate has until July 14 to act.
June 18 -
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