The White House has fired yet another member of the #PuertoRico Oversight Board, Andrew Biggs. The Board is now left with a single member, John Nixon. Mr. Biggs had publicly rejected the firing of five of his colleagues last week.

Momentous shift in PREPA's bankruptcy following ousting of 6 of 7 #PuertoRico OBoard members. Key institutional investors like BlackRock & Nuveen say they will abandon Board's deal to reduce debt from $9BN to $2.6BN if it isn't confirmed by Oct 1 #muniland bloomberg.com/news/articles/…

Change of guard today at #PuertoRico's leading think tank, the Center for a New Economy Center for a New Economy. Founder Mike Soto-Class will transition to board chairman, while Rosanna Torres becomes the first woman to serve as president in the organization's 27-year history.

New Fortress's financial woes weren't enough to dissuade #PuertoRico's gov't, which today announced it has negotiated a $4BN deal with NFE to supply natural gas for 7yrs. The new deal, which incl. a 3-year extension option, still requires OBoard approval. news.bloomberglaw.com/bankruptcy-law…

There should be more eyes on this. The #PuertoRico Innovation & Technology Service has gone through five directors in the last nine months, and at least one was reportedly ousted for refusing to approve a contractor pushed from above. periodismoinvestigativo.com/2025/09/puerto…

The ongoing #PuertoRico Act 60 federal probe by the Justice Department and IRS now extends to global law firm Baker McKenzie, which has advised some clients potentially affected by the investigation to seek outside legal representation. news.bloombergtax.com/daily-tax-repo…

BIG: Three of six ousted #PuertoRico OBoard members —Arthur Gonzalez, Andrew Biggs & Betty Rosa— are suing Pres. Trump, alleging unlawful removal without cause and noting they’re territorial, not federal, officers. apnews.com/article/puerto… Full lawsuit: new.octus.com/data/documents…

Worth highlighting: The Heritage Foundation yesterday issued a statement applauding #PuertoRico’s $4B deal with New Fortress Energy to supply PR with natural gas for 7 years. The agreement includes a 3-year extension option & still requires OBoard approval heritage.org/press/heritage…

DC Circuit Appeals Court today rejected a challenge by environmental groups to a natural gas pipeline built by New Fortress Energy in #PuertoRico. The pipeline was constructed without explicit approval from FERC, whose full review is still pending. media.cadc.uscourts.gov/opinions/docs/…

New Fortress Energy, whose subsidiary oversees energy generation in #PuertoRico, is considering filing for bankruptcy in the United Kingdom to take advantage of a cheaper restructuring process than Chapter 11 in the U.S. subscriber.politicopro.com/article/eenews…

New data: CBPP analyzed USDA’s contingency fund spending plan & found it is only going to release 2/3 of the funding they committed to in court filings, cutting families’ SNAP benefits far more than necessary, violating USDA’s own regulations & shortchanging millions of families.

S&P today downgraded New Fortress Energy, which manages key power generation in #PuertoRico, to selective default after the company missed a Nov. 17 interest payment and entered a forbearance deal on its 2029 secured notes. spglobal.com/ratings/en/reg…

Nydia Velázquez anuncia que se retirará del Congreso en 2026: no irá a la reelección - via @elnuevodia elnuevodia.com/corresponsalia…

Stock price nosediving today by 16% for New Fortress Energy, which manages power generation in #PuertoRico, after the firm warned it may seek bankruptcy protection if other restructuring options fall through. The disclosure was made in NFE's latest 10-Q. marketscreener.com/news/new-fortr…