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The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.
June 30 -
The move is part of the oversight board's efforts to free localities from dependence on the central government.
June 26 -
Employment, retail sales, and economic activity index data are all delayed.
June 18 -
Board says it has prevailed in past legal struggles with the local government.
June 17 -
Bondholders hope to negotiate a deal before July 15.
June 16 -
House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.
June 12 -
The Supreme Court's decision will lead to federal consideration of who should serve on the Oversight Board for the next three-year term.
June 2 -
Although voters are dissatisfied with the current administration's response to three crises, turnout is expected to be light.
June 2 -
The high court unanimously ruled the Oversight Board members do not need to be confirmed by the U.S. Senate under the Constitution’s Appointments Clause.
June 1 -
The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.
May 22