Puerto Rico Public Buildings Authority

While the economy is stronger than a year ago, it is still down from two years ago.

Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.

The board wants the bankruptcy judge to say recently passed law, which prohibits cuts to pensions, does not bar the board's plan for two major pension changes.

The various increased federal support proposals included in the Build Back Better package could help the island's economy, which has generally been contracting for the last 15 years.

It is unclear if the Oversight Board will accept the law and how much it differs from Board-endorsed legislation that failed last week in the legislature.

Judge Laura Taylor Swain contemplates dismissing the bankruptcy, which would leave bondholders in position to sue for full payment.

The Puerto Rico Bankruptcy Judge on Friday ordered a meeting for Monday between the Oversight Board, lawmakers, the governor and creditors to discuss possible alternatives.

The island's General Fund gained $1.476 billion of revenue.

While the Puerto Rico House passed it, the Senate set a Thursday vote to ensure passage.

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.