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Following another court ruling on a 2022 labor law the Oversight Board rejected, Puerto Rico professors doubt the local government will operate more responsibly any time soon.
August 15 -
Plan of adjustment deadline schedule gets extended to Aug. 18.
August 11 -
Economists remain guarded about the island's economic future.
August 8 -
The restructuring would make bondholders whole, but the bonds' maturities are being pushed out by 25 to 35 years.
August 7 -
Judge Swain approves another deadline extension for a proposed plan of adjustment.
August 4 -
Sponsors say bill is a chance to have territories' needs addressed.
August 1 -
The board and the PREPA bond parties told Swain they had reached "an agreement in principle to resolve the outstanding perfection issues" in the bankruptcy.
July 31 -
The FOMB needs to return to its "deal mindset" so that we can end the bankruptcy at PREPA. While gaps remain between the FOMB's and bondholders' affordability analyses, they are not insurmountable.
July 17Puerto Rico Financial Oversight and Management Board -
The May economic activity index showed an increase.
July 11 -
The money is to help AES-Puerto Rico continue to provide PREPA with electricity.
July 7