Puerto Rico

The report aims to answer how the debt problem developed and to make recommendations to prevent such a problem from ever arising again in Puerto Rico.

Judge Laura Taylor Swain sided with the retired employees, saying the bondholders' security interest was not properly perfected.

An estimated $69.1 billion of the $139 billion is already committed through a combination of insurance claims and federal disaster aid.

A judge's ruling on whether the U.S. government is responsible for covering Oversight Board-imposed bond losses may come in the winter.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

A hurdle has been passed for a judge to issue a ruling on the federal government's responsibility for making investors whole on impaired Puerto Rico bonds.

Key parties say the Oversight Board must certify a fiscal plan with more revenue before they will approve the agreement.

The deadline for voting is 5 p.m. on Sept. 12.

In early December a Puerto Rico government official said that he expected the fiscal year General Fund revenues to be 25% less than budgeted.

For one thing, analysts say general obligation bondholders may attempt to derail the plan in Title III bankruptcy court.