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The suits against non-bond creditors are a step in an effort to claw bank money that will extend to bondholders.
May 1 -
Puerto Rico’s Federal Oversight Board is asking the U.S. Supreme Court to overturn a ruling that deemed its members unconstitutionally appointed.
April 23 -
The Oversight Board in its fiscal plan had projected a 5.06% population drop after the 2017 hurricanes; the Census Bureau found a 3.9% decline.
April 18 -
January revenue beat the original budget projection by 36%, raising hopes that there will be more money to pay bondholders as the island's debt is restructured.
April 16 -
Ambac and FGIC filed motions in support of the Puerto Rico Oversight Board's effort to declare illegal $6 billion of the commonwealth's bonds.
April 15 -
The proposed 2020 budget has $139 million for the payment of debt.
April 9 -
The board acknowledged Puerto Rico is in compliance with the fiscal 2019 budget, even as it wrangles with the local government over next year's plan.
April 2 -
As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.
March 25 -
The Board's authority to certify fiscal plans has become a flashpoint in an escalating battle with Puerto Rico's government.
March 20 -
The General Obligation group's lawyer says the board should focus on structural reforms and not legal challenges to bondholder claims.
March 13