Puerto Rico

Pierluisi said his approach to governance would avoid fights and promote cooperation.

The board also extended the deadline for two bond insurers to withdraw from the central government bond Plan Support Agreement.

Net revenues came in 21.6% ahead of Puerto Rico Oversight Board projections in the first seven months of the fiscal year.

The deal affects $3.2 billion of Employees Retirement System bonds.

The authority appears ready to take advantage of market conditions following a successful December refunding.

Assured Guaranty and National Public Finance Guarantee continue talks with the Puerto Rico Oversight Board.

A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.

The Securities and Exchange Commission previously charged one of the seven, an unregistered investment adviser, with similar allegations.

Highlights of that aid include $3 billion for K through 12 schools, $308 million for childcare, and $370 million for rental, mortgage, and homeless assistance.

The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.