Puerto Rico

Puerto Rico Gov. Ricardo Rosselló said Wednesday morning that the start of a Title III bankruptcy process for Puerto Rico was imminent.

Legislators and others urged Puerto Rico to pursue a court-organized debt restructuring.

Puerto Rico’s fiscal and debt crisis moved into a new phase marked by riots, active lawsuits, and biting political attacks.

With a 4:45 p.m. Monday deadline past, there was no announcement from the Oversight Board on use of Title III in the debt reorganization.

Puerto Rico bondholders rejected Governor Ricardo Rossello’s debt-restructuring proposal days before a May 1 deadline to craft a deal or face a potential wave of creditor lawsuits.

The Puerto Rico Oversight Board approved a plan cutting PRASA, PREPA, PRHTA, and GDB debt payments.

A group of Puerto Rico bondholders are seeking Senate help with perceived oversight board failures.

A member of Puerto Rico’s federal oversight board will give an update on the distressed island’s efforts to combat mounting debt during the May 3 Philadelphia Area Municipal Analysts Society meeting.

Puerto Rico unions are demonstrating and striking against austerity measures originating with the Puerto Rico Oversight Board.

Puerto Rico's oversight board said concerns about its adherence to PROMESA are unwarranted.