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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 -
Muni volume gets a boost during the Thanksgiving holiday week as one of the nation's biggest issuers comes to market with a type of deal that may be banned after this year under pending tax reform legislation.
November 17 -
The municipal bond market is looking ahead to the Thanksgiving week’s $4.2 billion new issue calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.
November 17 -
After a busy week filled with many new deals, the municipal bond market is looking ahead to the Thanksgiving week’s calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.
November 17 -
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