Puerto Rico

The move could push the Plan of Adjustment, and debt restructuring, closer to the finish line, although the Senate president listed eight more concessions he wants.

While there is no formal deal between the board and the local government, the bill may ultimately serve as a comprehensive bargain.

Judge Swain said she would rule on Sept. 30 on extending the Oct. 4 deadline for voting.

The Oversight Board must lobby Congress and the Biden administration to take a hard stance and pass a new federal debt limit for Puerto Rico, like the one repealed in 1961.

Gov. Pedro Pierluisi signed increases into law on Tuesday but economists are skeptical they will help the island's economy.

Authorization to sell new bonds to replace existing debt is a necessary step to help finalize the island territory’s record bankruptcy.

The board sent mixed signals on a possibility of deal with legislature on pension cuts.

The local government is trying to apply pressure on the board to get its way on the Plan of Adjustment.

Judge Swain rejected the governor's request to stay the board's suit until November.

If residents become eligible for the government money, it would increase income and spending, providing a lift to the commonwealth's economy.

The local planning board is more optimistic about the next 10 years of Gross National Product growth than is the Oversight Board.

Pierluisi filed a request to stay the adversary proceeding in late August. Since then, the board and Puerto Rico House and Senate leaders told the court they oppose the stay.

More than a third of the island's residents have lost power this week, in a problem that happens more frequently on the island than it does in the states.

Having earnestly settled with every major constituency, it is time for the Board to do the right thing by abandoning unnecessary pension cuts and freezes.

The governor is asking for a stay until the court decides on the Plan of Adjustment.

Federal benefits for Child Tax Credits will also be expanded.

The governor and the Oversight Board had yet to offer an opinion on the increase.

The board bars implementing a 2020 law and is threatening legal action if the local government does not cooperate.

Both board members and government officials reiterated their stances on cuts to public pensions — for and against — but neither party said agreements had been reached during the meeting.

Island employment was up overall from 2020 figures.