Puerto Rico

After losing its first appeal, the Puerto Rico Oversight Board initiated a second appeal with the First Circuit Court of Appeals.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

Nashville, Tennessee, voters approved a $2 billion bond measure, while Lancaster County, South Carolina, and Cary, North Carolina, opposed the bond referendums.

Some analysts question how much a leftist governor would impact financial and bond issues.

The public-private partnership that took over four Puerto Rico toll roads following the territory's bankruptcy is gearing up to sell municipal bonds.

Oversight Board says the non-consenting bondholders ideas are "not a proposal."

Puerto Rico's electric reliability is likely to continue to deteriorate without access to the capital markets, the investors said.

The study also projected a $1.475 trillion loss to productive infrastructure by 2050.

The plan involves building modern infrastructure and streamlining government operations and delivery of services.

Current Members Andrew Biggs and John Nixon will be reappointed for another three years.