Commonwealth of Puerto Rico

The household employment survey showed good economic news, while other measures were mixed.

Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.

The gain was led by a 53% jump in revenue from the Act 154 excise tax, which is due to be phased out.

Six of the eight audits — including the Building Authority audit disclosed Monday — involve IRS Form 8038-CP.

The proposed change would create a hurricane reconstruction coordinator. an audit of the island’s debt, and federal funding for the Oversight Board.

Treasury Secretary Steve Mnuchin said Puerto Rico will have to look for an alternative to the Act 154 tax.

Lawyers say relations between the governor and the Oversight Board have improved with the new governor.

Two contracts worth $1.8 billion were improperly awarded to Cobra for its work restoring electricity, the U.S. Attorney's office said.

The unsecured creditors want to prevent GDB successors from making $578 million of claims against central government.

The mediation, initiated six weeks ago to resolve disputes over almost $25 billion of bonds, has yet to address the core issue of legality of some of the debt, according to a bondholder familiar with the process.

The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.

Judge Laura Taylor Swain sided with the Oversight Board as it sues the local government to comply with its fiscal plans.

She also names Elí Díaz Atienza to fill the role as her representative to the Oversight Board.

It remains unclear how the new governor may alter the Puerto Rican government's stance in the suit.

The Oversight Board urged the federal government to provide more help to the island’s people and businesses.

The deal reduces the authority's debt service by $380 million.

Puerto Rico’s Oversight Board remains committed to assist in the island’s fiscal recovery in the midst of political chaos over who will be running the government.

The insurer seeks at least $720 million from Wall Street firms that underwrote Puerto Rico bonds issued from 2001 to 2007.

Puerto Rico’s economic activity index slipped 0.7% in June from a year earlier, as the economic boost from federal hurricane recovery aid receded.

Secretary of Justice Wanda Vázquez Garced said she will swear in as governor Wednesday afternoon.