Commonwealth of Puerto Rico

Puerto Rico Title III Judge Laura Taylor Swain retained control over deciding about the island's sales tax bonds and diminished the Oversight Board’s role in the case at Wednesday’s hearing.

Puerto Rico’s bondholders and bond insurers made court filings Monday to protect their interests as the historic municipal debt restructuring proceeds.

The Puerto Rico legislature approved a General Fund budget without debt service, leaving it to the Oversight Board to say where money for bond payments will come from in fiscal 2018.

The governor said the Oversight Board lacks the authority decide about staffing levels and personnel spending.

The chief U.S. District judge for Puerto Rico has appointed a helper judge in the commonwealth's Title III bankruptcy case.

Seven people, including two former Puerto Rico government officials, were indicted Wednesday in two related corruption cases affecting more than $10 million.

A group of Puerto Rico bondholders accused the Oversight Board and governor of minimizing the commonwealth's health in a proposed budget that is too generous to non-debt holders.

Puerto Rico’s employment indicators were mixed in May compared to April and to May 2016.

Puerto Rico’s Oversight Board sent a letter to Puerto Rico’s leaders warning of a waning resolve to deal with a dire financial situation.

The judge overseeing Puerto Rico’s Title III bankruptcy process named five judges to help mediate disputes over island government and sales tax bonds in the biggest municipal restructuring in U.S. history.