Puerto Rico Public Buildings Authority

Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.

Rosselló said PROMESA allows the Oversight Board to make public policy recommendations, but not to order labor law reforms and pension cuts.

Oversight Board is continuing its struggle with the Puerto Rico government over fiscal plans.

The latest proposed fiscal plan may allow up to 29.4% of debt to be paid through fiscal year 2023.

Officials said forgiveness of the Community Disaaster Loan could be considered at a later point.

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Gov. Ricardo Rosselló’s proposal, which leaves room to pay as little as 8% of debt service, is too rosy in its economic assumptions, two economists said this week.

January's General Fund revenues were 12.2 percent below pre-Hurricane Maria projections.

Judge Laura Swain says she has no authority to challenge fiscal plans.

Puerto Rico's latest fiscal plan represents an improvement over the previous one, which included nothing for debt repayment.

Puerto Rico’s economy in December was 13.3% less active than it had been in August, a report said.

The Puerto Rico Oversight Board asked Gov. Ricardo Rosselló to change three fiscal plans.

Such a loan would be legal and would offer the best terms available to the utility, the board said in a court filing.

The post-hurricane fiscal plan assumes that Puerto Rico will get a substantial amount of federal aid, but doesn’t include it in its calculation of available resources.

"We've been playing games with the revenue estimates for decades," a former Treasury secretary tells the Oversight Board.

Investors concerned over the level of impairment to their Puerto Rico bonds may get some clarity on the commonwealth's cash balance at an Oversight Board hearing.

Moody's said the delay may signal the damage to the island's economic prospects is worse than officials thought, suggesting the return for bondholders will be even lower.

Puerto Rico bondholders will have to wait until Jan. 24 for details on how much their payments may be reduced because of hurricane devastation.

Puerto Rico oversight law's constitutionality comes under fire as investors' and workers' interests intersect.

Debt service may be cut from 24 cents on the dollar as the commonwealth deals with recovery from Hurricane Maria.