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The board said a stay would inflict serious harm on Puerto Rico by plunging it into “financial chaos,” send the bankruptcy process “back to square one,” and would “needlessly delay the commonwealth’s economic recovery.”
February 10
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The unrest potentially has short- and long-term impacts on the local government and its finances, analysts say.
February 9
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Attorneys say the first step is to get a court to stay enactment of the Plan of Adjustment, but that it is unlikely.
February 4
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Jaresko's resignation comes the same week as more than 40 Puerto Rican groups called for the disbandment of the Oversight Board in a letter to President Joe Biden.
February 3
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The teachers' groups will request a stay of plan implementation.
January 28
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More federal Medicaid funding and higher-than-expected economic growth will lead to more revenues, the board expects.
January 27
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Participants note there is a long road to sustainable recovery for the island that is dependent on the local government keeping its spending in check.
January 19
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After more than four years of intense negotiations between many stakeholders, the Oversight Board's Plan of Adjustment gets the OK from Judge Laura Taylor Swain, moving the commonwealth closer to emerging from bankruptcy.
January 18
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The Economic Activity Index is up 3.5% from a year earlier.
January 12
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Swain rejected several legal challenges to the Plan of Adjustment. The Oversight Board must file a final amended plan by Friday.
January 11
