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The governor is asking for a stay until the court decides on the Plan of Adjustment.
August 31 -
Federal benefits for Child Tax Credits will also be expanded.
August 30 -
The governor and the Oversight Board had yet to offer an opinion on the increase.
August 27 -
The board bars implementing a 2020 law and is threatening legal action if the local government does not cooperate.
August 26 -
Funding would be offered, perhaps for pensions, in exchange for a debt restructuring.
August 20 -
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 -
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