The Supreme Court ruled on Thursday against an organization of Puerto Rican journalists in its quest for documents from the financial oversight board created to deal with the island territory's bankruptcy, the Associated Press reported.
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As Puerto Rico emerges from a drawn-out bankruptcy process, a federal control board that oversees the island’s finances announced that it will focus on growing the U.S. territory’s economy, the Associated Press reported.
A federal judge curbed Puerto Rico bondholders’ rights to the electric revenue generated by its public power utility, the last major public corporation in the U.S. territory still in bankruptcy after its other public debts were restructured, WSJ Pro Bankruptcy reported.
Puerto Rico Oversight Board member Justin Peterson and other observers of the Puerto Rico Electric Power Authority bankruptcy criticized what they said was the board's attack on U.S. revenue bonds in the lien adversary proceeding and called for state attorneys general to intervene, Bond Buyer reported.
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This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.