PROMESA

Puerto Rico’s April economic activity index fell 2% in April from a year earlier, signaling continued weakness as the island government embarks on its record breaking municipal debt restructuring.

Puerto Rico's governor presented a fiscal 2018 budget that allots at least $2.04 billion for pensions and nothing for debt.

Puerto Rico Gov. Ricardo Rosselló proposed an austere fiscal year 2018 General Fund budget that he said cut operating expenses by 9.1%.

A federal judge ordered a freeze on Puerto Rico Sales Tax Financing Corp. (COFINA) debt payments Tuesday.

Two University of Puerto Rico professors predict Gov. Rosselló’s budget, due Wednesday, will lead to widespread militant actions.

Puerto Rico's claim raises an issue at the heart of the territory’s $74 billion bankruptcy.

President Trump’s proposed budget allocates Puerto Rico $1.24 billion more Medicaid spending than the federal government had promised.

Puerto Rico put its Highways and Transportation Authority and Employees Retirement System into bankruptcy affecting $9.5 billion of debt.

Puerto Rico’s April employment rose above 1 million for the first time since August 2013.

Analysts said investors' willingness to lend to Puerto Rico and other troubled entities may be ratcheting up risks for the muni market.

The first hearing of the Puerto Rico Title III case on Wednesday reinforced that the battle between general obligation and Puerto Rico Sales Tax Financing Corp. (COFINA) bondholders will be a central issue as the biggest municipal restructuring gets underway.

The cases will be jointly administered, meaning paperwork and other day-to-day matters will be consolidated, but will remain legally separate for now.

Puerto Rico’s debt reorganization hearings began with a decision by Judge Laura Taylor Swain to consolidate administration of two existing filings affecting about $30 billion of bonds.

The Government Development Bank for Puerto Rico reached a deal with its creditors to restructure its $4.1 billion in debts.

U.S. lawmakers want Puerto Rico board to focus on economic growth and freeze debt service payments.

The Puerto Rico Oversight Board’s Title III cases got new case numbers on Thursday.

The COFINA bond trustee declared a default and COFINA Senior holders called for payments to COFINA Subordinate holders to end.

Puerto Rico and its creditors are set to meet for the first time in court on May 17 in San Juan before U.S. District Judge Laura Taylor Swain to begin restructuring the island’s debt.

Illinois lacks a path to restructure state debt but Puerto Rico's filing heightened chatter.

The Puerto Rico Oversight Board extended the deadline for Gov. Rosselló to submit the FY2018 budget by two weeks.