Puerto Rico Highway & Transportation Authority

The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.

At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.

The 'pension' bondholders have reached a preliminary deal with the Puerto Rico Oversight Board.

The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.

Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.

An appeals court ruled that PRIFA and HTA issuers do not have to pay debt service during the Puerto Rico bankruptcy.

FAFAA head says that Puerto Rico is gaining "credibility" with investors.

The deal continues to offer better recoveries for the guaranteed Public Building Authority debt than for general obligation debt, but trading of the GOs blew up with more than $180 million exchanging hands to higher prices.

Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.

The Oversight Board asked the court to extend its deadline for submitting various documents including a term sheet to restructure the central government debt.

No ruling was issued and the judges' sympathies could not be easily deciphered.

The board aims to improve transportation resources on the island.

The Economic Activity Index was down 0.4% from October.

Ambac says that PROMESA is against the Constitution's call for uniform bankruptcy codes.

Gov. Pedro Pierluisi says Francisco Rodríguez Dosal is experienced in the construction and infrastructure industry.

Even with the November increase, General Fund Revenues collected from July to November were 5% below those of 2019.

Three of seven board members will be from the original group.

Some economists say the changes, such as a rise in minimum wage, would be a negative for the local economy.

Bankruptcy judge Swain barred the government from implementing and enforcing the revenue and spending laws the Oversight Board had challenged.

With the November jobs report showing a decline in employment, and the coronavirus raging, economists debate the state of the commonwealth's economy heading into the new year.