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The ruling means the Puerto Rico government will have $400 million less in its coffers.
July 21 -
A board member and Gov. Pedro Pierluisi expressed disappointment about the inability of the board and the government to come to a consensus budget.
July 1 -
The bill, which would overturn a 2017 law, is awaiting Gov. Pedro Pierluisi's signature to become law.
June 14 -
The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.
May 12 -
Teachers petition court for a rehearing before the full appeals court panel of judges.
May 10 -
In a win for the Oversight Board and bondholders, an appeals court shut down a teachers' associations challenge, but another case challenging the plan has yet to be decided.
April 27 -
The board says the governor will have to make many changes to its budget.
April 26 -
Revenues were also up compared to the Oversight Board's projection made on Jan. 27.
April 21 -
Puerto Rico completed the exchange of more than $33 billion of existing bonds and other claims into $7 billion of new bonds plus cash and CVIs on Tuesday.
March 15 -
Restructured muni debt has "typically outperformed the broader muni market, as issuers emerge from bankruptcy with higher debt-servicing capacity and the debt re-enters the municipal high-yield index," noted PIMCO.
March 14