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Puerto Rico in Distress

Puerto Rico Financial Oversight and Management Board

The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.

Video Features

Analysis

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.

Selected Articles / Analysis / Reports

Municipal-bond prices have fallen further than other debt amid rising U.S. interest rates this summer, exacerbating investor jitters spurred by Detroit's record-setting bankruptcy filing, the Wall Street Journal reported today. Bonds from some financially troubled issuers, like Puerto Rico and Chicago, have been particularly hard hit.

A Michigan county’s decision to postpone a $53 million bond sale highlights the difficulty fiscally strapped issuers everywhere may face in the wake of Detroit’s record bankruptcy filing, the Wall Street Journal reported today.

Guy G. Gebhardt has been appointed as Acting U.S. Trustee for Florida, Georgia, Puerto Rico, and the U.S. Virgin Islands (Region 21), and Judy A. Robbins, the U.S. Trustee for the Southern and Western Districts of Texas (Region 7), has been designated to serve as the U.S.

President Barack Obama on Friday signed into law bipartisan legislation designed to prevent a widespread shortage of bankruptcy judges by extending 29 temporary judgeships, Dow Jones DBR Small Cap reported today. The legislation extends by five years---through May 21, 2017---29 temporary judgeships in Puerto Rico and 14 states, including in California, Delaware, Florida and New York.