PROMESA

The judge set May 2 deadline that was extended until June 1 and then July 1. Mediators now want until Aug. 1.

An appeals court ruled the Oversight Board can stop laws that are inconsistent with PROMESA's purpose.

The Oversight Board has issues with the joint resolution.

The bill, which would overturn a 2017 law, is awaiting Gov. Pedro Pierluisi's signature to become law.

A survey shows local business owners are more pessimistic than they were six months ago.

The board and its law firm O'Neil & Borges clashed with challenger Carlos Lamoutte in court papers.

The board continues to struggle with the local government on fiscal matters six years after PROMESA's passage.

Some observers of Puerto Rico politics are concerned its government continues to avoid fiscal responsibility, ignoring past mistakes that led to the bankruptcy.

The Bankruptcy Judge extended the deadline for PREPA debt negotiations to July 1 and bondholders expressed frustrations, warning they may seek full repayment if a deal is not made.

All parties except for the Unsecured Creditors Committee support the extension.

A firm representing the Oversight Board also represented firms that acquired a loan portfolio from a board-controlled entity.

The authority will takes steps to raise $1 billion to address expected growth of expenses.

The main bond classes appear to clear the two-thirds majority needed for a court endorsement.

The authority currently projects $169 million in losses over three months, though FAFAA says it won't be that bad.

The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.

Teachers petition court for a rehearing before the full appeals court panel of judges.

The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.

Holders of $4.3 billion of HTA bonds will receive $1.2 billion of new bonds with 5% coupons and $389 million of cash.

With the ink still drying on the central government restructuring, analysts give takeaways from Puerto Rico's bankruptcy. Some point to credit fundamentals, others to lack of willingness to pay, as key drivers of the bankruptcies.

Issue is disposition of $1 billion to $2 billion of Puerto Rico government funds.