Puerto Rico

The longtime muni banker and former Treasury official adds serious muscle to the Fed's municipal securities expertise.

The Unsecured Creditors Committee responded to the Oversight Board chairman's statements that the board may change central government bond restructuring terms.

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

Puerto Rico Oversight Board seeks delay in central government restructuring

Judges said the district court judge was reasonable in her treatment of the case differently from that of a corporate bankruptcy.

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

Appointee Marrero has extensive backgrounds in government service, law, and finance.

The bond's Official Statement warned not to expect payments on time.

Puerto Rico bankruptcy judge Laura Taylor Swain ordered Wednesday what some said was an overly aggressive schedule for approving a central government debt restructuring.

The plan still faces formidable opposition from multiple parties.