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After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.
March 16
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The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.
March 15
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Gov. Ricardo Rosselló’s proposal, which leaves room to pay as little as 8% of debt service, is too rosy in its economic assumptions, two economists said this week.
March 14
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January's General Fund revenues were 12.2 percent below pre-Hurricane Maria projections.
March 8
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Treasury Secretary Steven Mnuchin says it remains to be decided whether the federal loan will be forgiven
March 7
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Rosselló doesn't mention Puerto Rico's debt in annual state of the commonwealth speech.
March 6
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The bond insurers say the plan to create a wider Public Service Commission would lead to oversight by inexperienced political appointees.
March 5
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Judge Laura Swain says she has no authority to challenge fiscal plans.
March 1
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Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.
February 28
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Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."
February 27
