Puerto Rico

Raúl Maldonado Gautier will gain direct control of all monetary issues in the commonwealth's government.

Teresita Fuentes has been in the position for six months.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.

One economist attributes the decline to the reduced flow of federal hurricane aid.

Judge Swain ordered the Oversight Board to file a brief on her legal authority to approve the restructuring plan and allowed an opposition party to file its objections.

The proposed new findings of fact exclude a mention of the new bonds being tax exempt.

Judge Laura Taylor Swain elicited little discussion of the substantive objections to the proposed settlement and plan of adjustment for $17.6 billion of bonds.

Puerto Rico’s per capita debt load is far lower than that of the mainland U.S. states.

The board said the 2012 and 2014 GOs were "issued in clear violation of the Puerto Rico constitution and should be declared null and void."

Rosana Aguilar is expected to focus on maintenance and repair of existing roads by the authority, which is in Title III bankruptcy with $4.1 billion of bond debt.

Jaresko demands an update by Jan. 18.

The Oversight Board said vote was overwhelmingly for approval of the plan of adjustment.

The $17 billion restructuring plan's possible Achilles' heel: it treats Puerto Rico residents differently from those on the U.S. mainland.

The economy and several pending court cases may also determine the progress of the historic debt restructuring in 2019.

How the Bond Buyer covered the disasters and challenges of 2018.

U.S. says IRS needs more time because of the government shutdown.

The board's adversary proceeding has implications for both the authority’s bonds and the finances of the many Puerto Rico government entities that pay rent to the PBA.

The employment numbers are additional signs that the post-hurricane growth period is taking a pause.

The census figure discrepancy highlights the likelihood of revisions to the fiscal plan governing repayment of the territory's debt.

Two recent cases saw bondholders take a hit because their liens were not considered to be perfected.