Caribbean

The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.

But the economy is still significantly smaller than it was a year ago.

Under certain conditions the board could submit the proposal to the court without a further vote.

Gov. Albert Bryan Jr. is working with the territory's lawmakers on an internet sales tax and other revenue ideas to avoid a 42% pension benefit cut on Jan. 1.

The authority is altering many of its operations and organizations, including exploring public-private partnerships and renewable energy resources.

A federal judge has set a Feb. 10 deadline for the Oversight Board to file “an informative motion presenting a term sheet disclosing the material economic and structural features of an amended plan of adjustment.”

A majority of the new Oversight Board members may be more creditor friendly.

A change in status would have both upsides and downsides for the island territory.

A nonbinding referendum on U.S. statehood was leading with more than 52% support, with more than 95% of votes counted, the Associated Press reported.

Justin Peterson left the meeting to deprive the board of a quorum and prevent the adoption of a debt plan he opposes.