Puerto Rico

Two weeks of unrest have cut economic activity by 15%, and a disorderly transfer of power may disrupt the territory's historic debt restructuring.

Ricardo Rossello resigned after two weeks of furious protests, throwing the leadership of the U.S. commonwealth into uncertainty.

The new letter increases the pressure for federal oversight as the island goes through the long process of rebuilding from the damage caused by Hurricane Maria and reorganizing its debt.

Almost $25 billion of bonds would be affected, as Judge Laura Taylor Swain seeks to avert "chaos" of claims by bondholders.

With a weakened government, the Oversight Board may be emboldened to take more unilateral actions on bond restructuring, analysts said.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

FEMA's "empty chair" at hearing draws fire from members of the House emergency preparedness subcommittee.

The scandals are dealing a fresh hit to Rossello’s administration as he fights with the federal financial oversight board over his budget.

The busts may weaken the the Rosselló administration as it struggles over fiscal policy with the Puerto Rico Oversight Board.

The board says more than $1.7 billion in revenue is at stake in fiscal years through 2024.

The Supreme Court will rule on both the legality of the board members' appointments and the validity of their rulings since appointment.

The board's suit has the same cause as a frozen suit against PREPA.

The board anticipates spending $596 million for COFINA and GDB debt service.

The Puerto Rico Treasury now expects 33.6% more revenue in the fiscal year than the original projection.

Without a successful appeal, Employees Retirement System bondholders won't get their bond payments during the bankruptcy.

As Sunday's fiscal deadline approaches the legislature is hammering out a budget that's $500 million bigger than the Oversight Board's plan.

German Ramirez and Richard Prann of HJ Sims talk from Puerto Rico about the situation on the island and discuss COFINA and the IRS, what's new with the GDB bonds and with the commonwealth's GOs. Chip Barnett hosts.

Puerto Rico CFO Rafael Maldonado Gautier said that some Treasury professionals have been selling influence, issuing false licenses, and trying to extort him.

Submissions are now open for the Bond Buyer’s fourth class of Rising Stars, an honor which showcases the brightest young minds in the municipal bond industry.

They say a ruling in the Aurelius case reinforces their contention that the Puerto Rico Oversight Board is a federal body.