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The measure would cut the number of balanced budgets needed for the island to achieve fiscal independence.
April 11 -
A blackout that affected almost all of Puerto Rico Wednesday still had more than half of Puerto Rico Electric Power Agency customers without electricity Friday.
April 8 -
Some say judge's goal of a May 2 plan of adjustment seems increasingly unlikely.
April 1 -
The commonwealth's unemployment rate hit a record low in February.
March 28 -
The board said the projects will result in up to $387 million of savings over a 15-year period.
March 25 -
Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.
March 25 -
Any new debt deal already would require rate increases to cover debt service on the authority’s roughly $9 billion of debt.
March 23 -
Swain said several mediators involved in the central government's plan of adjustment are unavailable for the PREPA deal. The Oversight Board says the local legislature will not be included in the negotiations.
March 18 -
Puerto Rico completed the exchange of more than $33 billion of existing bonds and other claims into $7 billion of new bonds plus cash and CVIs on Tuesday.
March 15 -
Restructured muni debt has "typically outperformed the broader muni market, as issuers emerge from bankruptcy with higher debt-servicing capacity and the debt re-enters the municipal high-yield index," noted PIMCO.
March 14