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General obligation holders said that the sales taxes supporting COFINA are resources that the territory's constitution promises to them.
April 10 -
The board may choose to approve its own version of the plan by April 20, setting up a legal and political fight for control of the Puerto Rico government.
April 6 -
The vote came as Gov. Rossello said his fiscal plan will not accede to board demands.
April 4 -
Rosselló says that Rep. Rob Bishop is placing the needs of the bondholders over those of Puerto Rico residents.
April 3 -
Other Puerto Rico officials joined Gov. Ricardo Rosselló in resisting the board's demands for austerity
April 2 -
Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.
March 29 -
Rosselló said PROMESA allows the Oversight Board to make public policy recommendations, but not to order labor law reforms and pension cuts.
March 29 -
Oversight Board is continuing its struggle with the Puerto Rico government over fiscal plans.
March 28 -
The latest proposed fiscal plan may allow up to 29.4% of debt to be paid through fiscal year 2023.
March 26 -
The credit unions say that Puerto Rico used fraud and pressure to get them to buy the government bonds.
March 23