Puerto Rico

The board wants to increase tax compliance, spend more on healthcare capital projects, and advance the release of CAFRs, among other things.

He has a background working in the island's pharmaceutical industry and for the island's government working to attract and retain private sector firms.

How assumptions are settled on revenues, spending, and the economy will affect the Commonwealth debt plan.

Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.

The largest tranche of the deal, $706 million with a 5% coupon in 2047, yielded 4.15%, a 275 basis point spread over triple-A paper.

Juan Carlos Blanco has a background in law, finance, and government service.

The president named former Utah and Michigan budget director John Nixon and New York educator Betty Rosa. Ana Matosantos may be gone permanently from the board.

Yield-starved investors will help the deal get done, despite credit risks and the island's bankruptcy overhang.

The governor-elect also plans to appoint Manuel Cidre as secretary of economic development and commerce.

An unregistered investment adviser told the city he would invest $9 million of its funds, but instead transferred some of the money to himself, the SEC found.

The GAO said that the $10.5 billion from the FEMA Public Assistance program might cover only about half of the $20.3 billion identified in Puerto Rico’s Grid Modernization Plan as necessary to repair the grid and make it more resilient.

The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.

But the economy is still significantly smaller than it was a year ago.

Under certain conditions the board could submit the proposal to the court without a further vote.

The authority is altering many of its operations and organizations, including exploring public-private partnerships and renewable energy resources.

A federal judge has set a Feb. 10 deadline for the Oversight Board to file “an informative motion presenting a term sheet disclosing the material economic and structural features of an amended plan of adjustment.”

A majority of the new Oversight Board members may be more creditor friendly.

A change in status would have both upsides and downsides for the island territory.

A nonbinding referendum on U.S. statehood was leading with more than 52% support, with more than 95% of votes counted, the Associated Press reported.

Justin Peterson left the meeting to deprive the board of a quorum and prevent the adoption of a debt plan he opposes.