Puerto Rico

The board is allowing the legislature an opportunity to give input even though the board retains control over the budget.

The board also submitted an amended plan of adjustment and disclosure statement for the central government bond deal.

The board is also considering a measure the House passed to undo board-supported labor reforms.

Assured Guaranty and National Public Finance Guarantee gave their support to Highways and Transportation Authority and Convention Center District Authority revenue bond deals affecting $4.6 billion, solidifing their support for the central government deal.

Gov. Pedro Pierluisi said the bill was unconstitutional since it undermined contractual obligations with LUMA.

Observers say it is the beginning of the end of the central government bankruptcy.

Judge Laura Taylor Swain says they can be dealt with in the process of confirming the central government plan of adjustment.

The report found that the White House Office of Management and Budget played a key role in prodding HUD to add additional requirements for Puerto Rico to access the disaster aid.

While the 2020 number was down from the 2010 figure, it was still almost 10% greater than the Puerto Rico Oversight Board's estimate.

After statehood, Puerto Rico's legacy bonds would likely retain their current status, but analysts are mixed on how the market would receive new debt.

If sales and use tax revenues surpass May 2020 expectations, some bondholders would see increased payments.

UTIER uses a broad range of arguments against LUMA Energy taking over Puerto Rico's energy transmission and distribution system.

Non-farm employment went up for three consecutive months.

Two competing congressional bills propose different political paths for Puerto Rico to follow.

Statehood for the District of Columbia continues to face a Republican roadblock in the Senate where a 60-vote supermajority is needed for passage.

They say the bankruptcy judge should delay ruling on the relative priority of Puerto Rico's bonds until she deals with the central government plan of adjustment.

Gretchen Sierra Zorita will serve as deputy director for Puerto Rico and the Territories in the White House Office of Intergovernmental Affairs.

Assured Guaranty and National Public Finance Guarantee reached a deal with the Oversight Board on repayment of $4.6 billion of revenue bonds.

Pierluisi said his approach to governance would avoid fights and promote cooperation.

The board also extended the deadline for two bond insurers to withdraw from the central government bond Plan Support Agreement.