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Both board members and government officials reiterated their stances on cuts to public pensions — for and against — but neither party said agreements had been reached during the meeting.
August 24 -
Island employment was up overall from 2020 figures.
August 23 -
The underestimate came as the board was concerned about the impact of COVID-19 on the island's economy.
August 17 -
Even if the Oversight Board can legally approve new debt for the deal, some market participants say the future "willingness to pay" is the larger consideration.
August 9 -
The board will say it has treated the creditors fairly, it meets the 'best interest' test for debtors, and its plan preempts dozens of local laws.
August 6 -
Revenues were also ahead through the first 11 months of fiscal 2021.
July 30 -
Bankruptcy Judge Swain conditionally approved the Disclosure Statement, moving the Plan of Adjustment closer to a vote, but questions remain on how new bonds for the deal will be resolved.
July 29 -
The Oversight Board reached the deal with Ambac Assurance and Financial Guaranty Insurance Company on PRIFA rum tax bonds. The two insurers had been important holdouts from the central government debt deal.
July 27 -
While the truckers returned to work Thursday night, their union said board interference could lead to a renewed strike.
July 23 -
The economic impact of the strike will depend on how long it lasts and how many truckers stick with it.
July 22