Puerto Rico Public Buildings Authority

The Supreme Court's decision will lead to federal consideration of who should serve on the Oversight Board for the next three-year term.

Although voters are dissatisfied with the current administration's response to three crises, turnout is expected to be light.

Success can't be achieved unless the local government more actively pursues reform, sources say.

The board anticipates a $22 billion cumulative deficit through fiscal 2049.

The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.

The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.

The judge said that certain attorney-client privilege confidential information must be removed from complaint.

The Oversight Board has asked for delays concerning non-central government bonds.

The plan still faces formidable opposition from multiple parties.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

The governor tells the judge it makes no sense to commence a process aimed at approving the plan without her support.

Puerto Rico Bankruptcy Chief Mediator Barbara Houser said that the bankruptcy judge should rule on issues concerning "nonsecured creditors."

Deal offers up to 76% for Public Building Authority bonds but as little as 3% for $16B of bonds subordinated to the GO debt in Puerto Rico's constitution.

Recoveries would be from 65% to 77% for general obligation and Public Building Authority bondholders.

Puerto Rico's legislature may not want to approve what would effectively be an electricity rate increase, said analysts at a recent conference.

The secondary market price has risen 40% since June 11.

The Census Bureau’s 3,193,694 estimate for July 1 is 2.6% higher than the Oversight Board predicted for the date in its May 2019 fiscal plan.

Mediation Team Leader Barbara Houser said that mediation has recently been "productive" and should be given more time.

To avoid a return of the economic downturn, the board may need to improve its program to promote economic growth. Part V of a five-part series.

Puerto Rico, with more than $70 billion of bonds at stake, has become a testing ground of austerity for an economy in decline.