Puerto Rico

The website aims to provide information about the restructured bonds and to advertise them as creditworthy.

Muni bankruptcy expert James Spiotto told lawmakers that replacing debt restructuring with debt cancellation has no rationale or justification.

Puerto Rico Gov. Wanda Vázquez's misgivings about rate increases threaten to upend the $8 billion restructuring plan, a lawyer for unsecured creditors told the bankruptcy court.

The mediator's report on almost $26 billion of bonds is now scheduled to be submitted on Nov. 27.

Judge Swain has ordered an end to the stay on open litigation of pension bond issues.

The plan would rebuild the power system with a web of "micro grids," funded in part with federal and private money.

UBS, the underwriter facing more than $800 million in lawsuits over the pension system bonds, argued the proposed schedule won't give it enough input.

Lack of legislative cooperation wouldn't be a problem until after court-approval of a plan of a adjustment, observers said.

The proposal is highly doubtful to become law in the coming months given the limited number of days Congress will be in session the remainder of the year.

Protesters targeted investors in prisons and Puerto Rico bonds at the Museum of Modern Arts' opening.