Commonwealth of Puerto Rico

The federal $600 monthly addition to unemployment insurance boosted income, but the local economy took a bigger hit than that of the U.S.

Some say that Pierluisi might be more friendly to the Oversight Board than has been the case with governors up to now.

The law restricting various aspects of debt issuance goes beyond the central government to also cover the public corporations.

As of Monday it wasn't clear how the election, which was supposed to be completed Sunday, would be extended.

This despite being 3.1% ahead of the oversight board’s May 27 projection.

The two board members with the deepest knowledge of municipal debt have said they will depart.

Benefits may aid island's economy and reduce pressure on island's local and territory-wide governments to pay for welfare benefits.

Bondholders, financial cooperatives and a Puerto Rico legislator offered different lines of attack on an 18-month-old bond deal.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.

The United States Bureau of Labor Statistics' household and employer surveys tell different tales about the depth of Puerto Rico's downturn.

Highways and Transportation Authority collections are also behind expectations.

Puerto Rico faces an uphill battle for recovery — what should happen and what will happen in the coming years for the island is in one word: uncertain.

Some participants are afraid that tweaking what they don't like in the law could only make it worse.

Carrión says the biggest problem has been the local government's lack of commitment to structural reforms to benefit the economy.

The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.

The move is part of the oversight board's efforts to free localities from dependence on the central government.

LUMA says its priority will be to improve the reliability and resilience of electricity on the island.

The Economic Development Bank for Puerto Rico estimate for economic activity for fiscal 2019 overall, though, was raised.