All posts tagged "general obligation debt"
-
Puerto Rico Gov Rejects Deal that Would Reduce $35 billion in debt by 70%
Fiscal Board, Bondholders: Would Reduce $35 billion in debt by 70%; Shortens Repayment Period to 20 Years
- Posted February 10, 2020
-
La Fortaleza Vetoes Key Fiscal Bill
HB 2959 would create special fund to service GO interest payments
- Posted August 1, 2016
-
Hernández Insists in Earmarking Funds to Pay GO Debt Interests
House leader wants to earmark around $300 million; Senate wants to use money to prop up retirement pension system instead
- Posted June 29, 2016
-
Puerto Rico Debt Payments Almost 20% of Next Year’s Budget
By contrast, in the current fiscal year, debt service is 12% of the $9.5-billion budget
- Posted June 8, 2016
-
Puerto Rico Gov’t Working On New Proposal to Creditors
Advisers for commonwealth and creditors hold talks ahead of July 1 debt payment
- Posted May 11, 2016
-
Fas Alzamora Supports Amendments to Moratorium Act
While the House amendments to the law that allows the governor to declare a debt moratorium face an uphill battle in the Senate, Popular Democratic Party Sen. Antonio Fas Alzamora threw his hat behind the bills. On Monday night,...
- Posted April 20, 2016
-
Hernández Presents Amendments to Debt Moratorium Act
Amendments Hernández presented would exclude not only GO bonds, but also debt related to Prepa and Prasa
- Posted April 7, 2016
-
Puerto Rico Debt Dips Slightly to $69.2 Billion
Central government debt goes down, although GO and COFINA debt stays the same
- Posted April 6, 2016
-
Senate President Expects Tough Debate if Fiscal Control Board Imposed
Says Issue of Default Should Not be Excluded
- Posted March 14, 2016
-
GOP Rep. Sensenbrenner: Puerto Rico Legislation ‘A Work in Progress’
SAN JUAN – On his way out of a meeting with Gov. Alejandro García Padilla at La Fortaleza on Wednesday, U.S. Rep. Jim Sensenbrenner (R-Wis.) said Congress’ final say over Puerto Rico’s fiscal and economic crisis is...
- Posted March 9, 2016