Puerto Rico Public Buildings Authority

The bankruptcy judge is unlikely to rule on the Plan of Adjustment and related legal documents until the federal government has filed its defense.

The credit unions had bought $976 million of Puerto Rico bonds and notes, which they alleged they were coerced to purchase by Puerto Rico government and its agencies.

One observer questions if enough money is available.

The Act 154 excise tax brought in 21% of revenue to the General Fund July to October.

Pension laws had been perhaps the key issue that could have scuttled the island's debt restructuring deal.

Puerto Rico's government, bondholder Peter Hein, and eminent domain parties make call for varied changes to the board's proposed documents.

While the U.S. continues to lag pre-pandemic levels, Puerto Rico is now ahead by 2.3% from November 2019.

A fight is brewing over whether the Oversight Board can preempt some of the territory's pension statutes.

The issue is the power of the Oversight Board over several locally passed pension laws the board says might make the Plan of Adjustment unfeasible.

Nine groups or individuals say the Oversight Board's arguments are wrong.