Two PR cases up for SCOTUS review

Update 12-4-15 to reflect that SCOTUS accepted writ on Franklin and will hear the case in 2016.  It is rare for a case involving Puerto Rico to reach the U.S. Supreme Court. This term, however, there are two. Gil and Puerto Rico attorney John Mudd discuss both cases in today’s 30-minute podcast. Franklin California Tax-free Trust v. Puerto Rico The first …

Read More »

GDB corrects $2.3 billion mistake in unaudited financials

Tonight the Government Development Bank of Puerto Rico announced via EMMA that a $1.14 billion figure shown on the Commonwealth’s unaudited financials dated 11-6-2015 as a negative was actually a positive.  The change resulted in an $2.3 billion correction. A one paragraph statement that was released with the new numbers, the core content of which was: This Errata Notice corrects an inadvertent error in the …

Read More »

Luis Dávila Colón: PR default is imminent

The prominent Puerto Rican journalist and attorney Luis Dávila Colón said last Thursday he believes there will be a default on Puerto Rico’s Government Development Bank bond payment of $354 million due on December 1, 2015. In an interview recorded with PRNewsRoundup.com’s Cate Long (@cate_long) and Gil Hall (@gillamhall), Dávila Colón (@davilacolon) said that  government officials “have decided not to pay–even the GOs–and …

Read More »

Interview with Luis Davila Colon

Puerto Rico news analyst and commentator Luis Davila Colon’s weekday radio show on WKAQ AM 580 is one of the highest rated in Puerto Rico. (Yes, no typo; AM radio is huge in PR.) In the second PRNewsroundup.com podcast, Luis discusses PR electoral politics with Cate and Gil. It’s a hot topic, and Luis doesn’t disappoint. He drops several bombshells you’ll want …

Read More »

Comments to Ameera David – November 16, 2016

Cate Long talks with RT America’s Ameera David about Puerto Rico’s upcoming debt payments, corruption and Congress (at 14:30 minutes).

Read More »

Podcast 1: PR Government Development Bank, present and future

Cate Long and Gil Hall discuss recent events with the PR Government Development Bank.

Read More »

Large Puerto Rico bondholder, Oppenheimer Funds, weighs in

Excellent roundup of Puerto Rico news from one of the largest holders of Puerto Rico debt, Oppenheimer Funds. Highlights The short list of candidates for the governorship just became longer. Puerto Rico and Treasury officials get a “chilly” reception at Senate hearing Media reports disagree on whether a “superbond” proposal is on the table. Higher tax rates and collections were …

Read More »

Puerto Rico Senate President Eduardo Bhatia on the debt crisis

Excellent interview of Puerto Rico Senate President Eduardo Bhatia with Gerson Borrero of City and State. Bhatia addresses debt and fiscal issues and the need for the Obama administration to step up to assist Puerto Rico.

Read More »

Senate hearing: what would you have asked?

As we watched the hearings on Thursday, a thousand questions came to mind. Which got us to thinking: if we were senators, what are the questions we would have asked, and what would our opening and closing statements have looked like? One anonymous on-island professional offered his view of Puerto Rico’s fiscal challenges after watching the hearing.

Read More »