Puerto Rico

No consensus on whether the judge will make changes to the plan before approval.

Several recent challenges to the Plan of Adjustment that could threaten its approval.

A request by the Department of Justice could delay the confirmation of the Puerto Rico bankruptcy until March or beyond and that in turn could lead to the current deal's collapse.

The board says the judge's ruling on the issue will determine whether it withdraws the Plan of Adjustment.

The Oversight Board argued legal issues with bondholders, pensioners, credit unions, and others at Monday's Plan of Adjustment confirmation hearing.

The unions say Act 53 bars the changes to the pensions that the Oversight Board say are necessary for the Plan of Adjustment.

President Biden had pledged to end the law that excludes residents of Puerto Rico from the federal supplemental security income program.

While certain parties are making deals with the Oversight Board on the Plan of Adjustment, holdouts remain.

While this hurdle has apparently been cleared, the road to approval for the Plan of Adjustment remains bumpy.

The board's 8th debt restructuring plan improves funding for a pension trust as well as eliminating cuts to benefits for current retirees, just ahead of the confirmation hearing that begins Monday.

While the economy is stronger than a year ago, it is still down from two years ago.

Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.

The board wants the bankruptcy judge to say recently passed law, which prohibits cuts to pensions, does not bar the board's plan for two major pension changes.

The various increased federal support proposals included in the Build Back Better package could help the island's economy, which has generally been contracting for the last 15 years.

The legislation Gov. Pedro Pierluisi signed late Tuesday is sufficient to issue new bonds, the board said, which was integral to getting the island out of its $33 billion bankruptcy.

It is unclear if the Oversight Board will accept the law and how much it differs from Board-endorsed legislation that failed last week in the legislature.

Judge Laura Taylor Swain contemplates dismissing the bankruptcy, which would leave bondholders in position to sue for full payment.

The Puerto Rico Bankruptcy Judge on Friday ordered a meeting for Monday between the Oversight Board, lawmakers, the governor and creditors to discuss possible alternatives.

The island's General Fund gained $1.476 billion of revenue.

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.