Puerto Rico Public Finance Corporation

A surplus this coming fiscal year will be used in following years for debt and pension payments, Executive Director Natalie Jaresko said.

Puerto Rico’s Federal Oversight Board is asking the U.S. Supreme Court to overturn a ruling that deemed its members unconstitutionally appointed.

The Board's authority to certify fiscal plans has become a flashpoint in an escalating battle with Puerto Rico's government.

The General Obligation group's lawyer says the board should focus on structural reforms and not legal challenges to bondholder claims.

The board said that the Senate is withholding bank account information.

Traditional bond buyers are going back to Puerto Rico.

The Oversight Board expressed skepticism as to whether the tax reform measures are consistent with the certified fiscal plan.

The unsecured creditors gave conditional support to the biggest Puerto Rico debt restructuring.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

Household survey is much more positive about total employment than establishment survey.

The territorial government's resistance to the labor law may prompt Oversight Board to approve its own version of the budget due this month.

A brief period of peace between the Oversight Board and the governor may soon end.

Magistrate Judge Judith Dein said she'd take up the investigation issue at a June 18 hearing.

The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.

The disagreement over at-will employment is the latest episode on a struggle over policy measures intended to pull the territory out of recession and help in payment of its debt.

Investors, already frustrated with the lack of progress since PROMESA was passed, face at least another two years before most debt payments will resume.

Judge said that the relevant issues include federal as well as local law.

The Oversight Board's executive director said the budget's future is linked to government introduction of at-will employment law.

Magistrate Judge Judith Dein's decision may help creditors in their battle over the territory's fiscal plan and debt payments.