Puerto Rico

Judge Swain may approve the amended version in the next few weeks.

But it still remains slightly higher than it was a year ago.

The board says the law will reduce economic activity and government revenues.

The team now wants the option to continue discussions through September.

Judge gives Puerto Rico Oversight Board until next week to submit a plan of adjustment.

Although he called them "excessive and arbitrary," Gov. Pedro Pierluisi agreed to create a reserve fund, reduce the maximum conservation easement tax credit, and freeze implementation of a physician tax incentive.

Moody's says the cut is a credit negative for the U.S. Virgin Islands' matching fund bonds.

The bankruptcy judge indicated her support for the deal reached between Assured Guaranty and Franklin Advisors and Nuveen.

Assured Guaranty, Nuveen, and Franklin Advisors agreed to compromise language in the proposed HTA plan of adjustment.

Revenues were 14.4% higher than those in the previous fiscal year.

The Oversight Board told Gov. Pedro Pierluisi he must take steps to make sure it's revenue neutral or it could block the new tax.

The duration of outages has continued to increase, causing backlash for elected officials.

While a smaller population could be economically negative, the revised count lowers the median age, which would be positive.

The judge said she'd consider requesting changes to the proposed plan of adjustment.

The mediation team cites progress, but needs more time to reach an agreement.

A court-ordered modification of the plan is more likely than outright rejection, sources say.

The indictment of Wanda Vázquez is the latest in a series of corruption charges against Puerto Rico politicians over the last 18 months.

The mediation team can operate until Sept. 9, if it chooses to do so.

The authority says the Puerto Rico Oversight Board is illegally telling it how non-debtor government bodies must act.

The Unsecured Creditors Committee, a PREPA union and a PREPA retiree group disagree. They want litigation to start.