Commonwealth of Puerto Rico

Rosselló says that Rep. Rob Bishop is placing the needs of the bondholders over those of Puerto Rico residents.

Other Puerto Rico officials joined Gov. Ricardo Rosselló in resisting the board's demands for austerity

The second-quarter kicked off Monday with a little more optimism among municipal market participants after "one of the worst quarters in a long, long time."

Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.

The influx of volume may give the boost that's needed to jump-start the primary market.

Rosselló said PROMESA allows the Oversight Board to make public policy recommendations, but not to order labor law reforms and pension cuts.

The municipal bond market will see almost $7.9 billion of new deals head their way next week, as New Jersey tobacco's dominate the calendar.

Oversight Board is continuing its struggle with the Puerto Rico government over fiscal plans.

As muni investors looked ahead to another week of limited supply, a report from BlackRock recommended taking a flexible strategy.

The latest proposed fiscal plan may allow up to 29.4% of debt to be paid through fiscal year 2023.