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Christian Sobrino Vega takes over directorship of the agency in charge of debt restructuring from Gerardo Portelo Franco,
August 1 -
Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.
July 31 -
A new preliminary restructuring deal between the Puerto Rico Electric Power Authority and its creditors is a positive step for bondholders in a post Hurricane Maria world, according to analysts.
July 31 -
Puerto Rico issues rallied after reports the island’s electric company struck a debt restructuring agreement with its bondholders.
July 31 -
The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.
July 25 -
June's unemployment rate was the lowest monthly rate since at least 1975.
July 20 -
The previous named director and four board members resigned last week.
July 18 -
Members of Congress and market observers were divided over the ramifications of Friday's court opinion that the U.S. is liable for debt cuts mandated by the Oversight Board.
July 18 -
U.S. Court of Federal Claims Chief Judge Susan Braden carved a legal path for holding the federal government liable for cuts to Puerto Rico bonds.
July 16 -
The judge dismissed Aurelius' argument that the U.S. Constitution had prohibited the means used to appoint the oversight board members.
July 13