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The act gives the federal government flexibility in how to deal with Puerto Rico, the department said in answering a challenge by Aurelius Capital.
December 7 -
Puerto Rico expects its central government revenues to come in 25% short of budget in this fiscal year.
December 5 -
While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.
November 30 -
Sen. Bernie Sanders, I-Vt., introduced a comprehensive support bill for Puerto Rico and the U.S. Virgin Islands Tuesday, calculated to cost up to $146 billion.
November 28 -
Puerto Rico’s government announced it would pay its annual Christmas bonus to workers this year.
November 20 -
U.S. Sen. Elizabeth Warren and Rep. Nydia Velázquez called for the Oversight Board to eliminate all of Puerto Rico’s public sector debt.
November 15 -
Two GOP Representatives argued that the Puerto Rico Oversight Board should be given additional powers over the Puerto Rico Electric Power Authority.
November 15 -
Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.
November 10 -
The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.
November 7 -
Creditor groups have come down on both sides of a hedge fund's constitutional attack on the PROMESA oversight board.
November 6