Puerto Rico Infrastructure Financial Authority

While the board is also seeking high court review, its goals are opposite of those of the union.

Puerto Rico Oversight Board says it can achieve much but not all of its pension restructuring plans without the local government's assistance.

Oversight Board members are also asking for a stay on an appeal's court mid-May cutoff for their powers.

Governor's representative complains that the expenditures were legally adopted.

The ruling may benefit bondholders, though an appeal and political wrangling over Oversight Board appointments threaten to prolong the uncertainty.

The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.

The board said that the Senate is withholding bank account information.

Attorneys say the Oversight Board's move to nullify $6 billion of bonds would violate both federal Supreme Court rulings and local law.

Traditional bond buyers are going back to Puerto Rico.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

Raúl Maldonado Gautier will gain direct control of all monetary issues in the commonwealth's government.

Teresita Fuentes has been in the position for six months.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.

Judge Laura Taylor Swain elicited little discussion of the substantive objections to the proposed settlement and plan of adjustment for $17.6 billion of bonds.

The board said the 2012 and 2014 GOs were "issued in clear violation of the Puerto Rico constitution and should be declared null and void."

The employment numbers are additional signs that the post-hurricane growth period is taking a pause.

The census figure discrepancy highlights the likelihood of revisions to the fiscal plan governing repayment of the territory's debt.

Judges at a hearing this week appeared sympathetic to arguments that the board's appointment was unconstitutional.

The board suggests it may sue the governor unless he starts following its requests.

As of mid-November Puerto Rico's government had an equivalent of 41% of its annual General Fund budget in its central Treasury account.