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The Oversight Board is close to the governor on debt even as they publicly disagree over austerity policies.
May 2 -
The fiscal Oversight Board estimates $62 billion of disaster relief funding from federal and private sources will boost the island’s economy for the next few years.
April 24 -
The Financial Oversight and Management Board for Puerto Rico approved the plan by a 6-1 vote Thursday after negotiations with the commonwealth’s government failed.
April 20 -
The Puerto Rico Oversight Board’s new fiscal
turnaround plan for the commonwealth may more than double debt payments to bondholders compared with earlier proposals.April 19 -
The latest turnaround plan projects a surplus of $6.7 billion over the next six years before debt payments, about $400 million more than Gov. Ricardo Rossello estimated earlier this month.
April 18 -
German Ramirez of HJ Sims talks from Puerto Rico about the situation on the island, and discusses PREPA, the Commonwealth’s fiscal plan, the future of public-private alliances and what it all means for bondholders. Chip Barnett hosts.
April 12 -
Matosantos' ownership of renewable energy businesses on the island is said to conflict with responsibility overseeing PREPA.
April 11 -
General obligation holders said that the sales taxes supporting COFINA are resources that the territory's constitution promises to them.
April 10 -
Eleven states and five cities will also receive a share of the CDBG disaster grants, with the biggest amount of $4.7 billion going to Texas for the damage caused by Hurricane Harvey.
April 10 -
People involved in the $3.5 billion sale received notices that there would be no enforcement action.
April 9