Puerto Rico

Gov. Ricardo Rosselló's plan to find private investors for Puerto Rico's power utility faces opposition from local leaders and may prove to be a tough sell to potential investors.

Talk of selling the island's power authority comes amid its restructuring of $8.2 billion in debt.

The Senate remains deadlocked over how much to increase an $81 billion disaster aid package that was approved by the House in December.

"We've been playing games with the revenue estimates for decades," a former Treasury secretary tells the Oversight Board.

Investors concerned over the level of impairment to their Puerto Rico bonds may get some clarity on the commonwealth's cash balance at an Oversight Board hearing.

Puerto Rico's 78 local governments are eligible to apply for a streamlined Community Disaster Loan for up to 25% of their annual operating budget.

A group of economists including Joseph Stiglitz would cut the face value of Puerto Rico bonds by 80% or more.

Moody's said the delay may signal the damage to the island's economic prospects is worse than officials thought, suggesting the return for bondholders will be even lower.

Puerto Rico bondholders will have to wait until Jan. 24 for details on how much their payments may be reduced because of hurricane devastation.

Puerto Rico oversight law's constitutionality comes under fire as investors' and workers' interests intersect.

The Puerto Rico Oversight Board named four key energy projects as potentially eligible for a special permitting process.

Gov. Ricardo Rosselló signed the measure Thursday.

Debt service may be cut from 24 cents on the dollar as the commonwealth deals with recovery from Hurricane Maria.

The workers would join 3,500 already on the island, where 45% of the power authority's customers are still without service after September's hurricanes.

The number of people employed in Puerto Rico during November fell 1.8% from July.

The new temporary spending bill includes Medicaid funding for Puerto Rico.

The Puerto Rico Oversight Board gave extensions to Puerto Rico’s government and public authorities for fiscal plan submissions.

Judge Laura Taylor Swain directed that Puerto Rico Employers Retirement System bond interest payments to bondholders should continue pending a determination on their lien.

Fresh from a victory on Friday, bondholders and insurers are asking the Title III bankruptcy court to award them additional documents connected to the sales and use tax.

After Puerto Rico failed to persuade Congress to ease the modified territorial tax system in the tax law, an opportunity zone measure helping the island may be included in a January emergency spending bill.