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The central government has $2.2 billion more than projected, raising hopes that bondholder losses may be mitigated.
June 4 -
U.S. Justice Department responds to hedge funds seeking reimbursement for Oversight Board impairments to bonds.
May 22 -
The board and the governor remain about $500 million apart on spending.
May 14 -
Critics pointed to the agreement's failure to lower operating costs and its "very favorable" treatment of Assured Guaranty.
May 6 -
The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.
May 6 -
Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.
April 30 -
Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.
April 26 -
A class-action lawsuit alleges four of the world’s largest oil suppliers cheated Puerto Rico's electric utility out of more than $1 billion.
April 24 -
Puerto Rico’s Federal Oversight Board is asking the U.S. Supreme Court to overturn a ruling that deemed its members unconstitutionally appointed.
April 23 -
The Oversight Board in its fiscal plan had projected a 5.06% population drop after the 2017 hurricanes; the Census Bureau found a 3.9% decline.
April 18