Categoría: News

Strong vote bolsters prospects for Puerto Rico bill

Strong vote bolsters prospects for Puerto Rico bill

Help for debt-stricken Puerto Rico may be just weeks away as a strong House vote bolstered prospects in the Senate for a rescue package to ease the U.S. territory’s crippling $70 billion debt.

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Puerto Rican Day Parade raises awareness of serious issues

Puerto Rican Day Parade raises awareness of serious issues

According to the National Puerto Rican Day Parade board, by educating a community and standing together with the island of Puerto Rico.

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Clinton on the cusp as Puerto Rico votes

Clinton on the cusp as Puerto Rico votes

Washington (CNN)Hillary Clinton is on the cusp of clinching the Democratic presidential nomination, and could move closer as Puerto Rico’s primary results are announced Sunday night.

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Where we stand: Pass plan to end crisis in Puerto Rico

Where we stand: Pass plan to end crisis in Puerto Rico

Puerto Rico, and its 3.5 million American citizens, are hurting. The island’s government is teetering under a massive public debt of more than $70 billion.

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Puerto Rico plans commercial office in Cuba to promote trade

Puerto Rico plans commercial office in Cuba to promote trade

Puerto Rico has taken the first steps toward opening a commercial office in Cuba, Governor Alejandro Garcia Padilla said on Saturday, on the sidelines of a Caribbean summit in Havana.

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Clinton poised for weekend bounce

Clinton poised for weekend bounce

With 60 delegates at stake, Puerto Rico’s primary can push Hillary Clinton to the brink of nomination.

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Puerto Rico could seek to invalidate over $4 billion in debt

Puerto Rico could seek to invalidate over $4 billion in debt

An audit report published on Thursday suggests that debt-laden Puerto Rico may be able to void some of its borrowing because politicians exceeded constitutional debt limits and their own authority.

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Report Questions Whether Puerto Rico Debt Issued Illegally

Report Questions Whether Puerto Rico Debt Issued Illegally

A commission created to audit Puerto Rico’s debt is questioning the legality of government-issued bonds in a report released Thursday, saying the struggling U.S. territory might not be responsible for paying a portion of the money owed.

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As Puerto Rico government frays, bondholders might get paid

As Puerto Rico government frays, bondholders might get paid

As struggling Puerto Rico enters a bitter election season, discord in the U.S. territory’s ruling party is reaching new heights, which could benefit bondholders.

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8 Questions & Answers about Puerto Rico

8 Questions & Answers about Puerto Rico

Puerto Rico’s $73 billion debt crisis has been the subject of national media and congressional debate over the last several months. Additionally, a number of major news outlets have reported on an impending Puerto Rico health care crisis related to demographic and health care financing issues, and exacerbated by the current economic situation and the growing number of Zika virus […]

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The Puerto Rico rescue we need: U.S. Treasury Secretary Jacob Lew defends the bipartisan legislation to save the island from crushing debt

The Puerto Rico rescue we need: U.S. Treasury Secretary Jacob Lew defends the bipartisan legislation to save the island from crushing debt

Last month, I traveled to Puerto Rico and saw firsthand how the island’s mounting debt crisis is affecting the health, safety and welfare of its 3.5 million American citizens. This is not a crisis of the future — it is a crisis that is already upon us, and we must act now to address it before it is too late.

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How to Save Puerto Rico

How to Save Puerto Rico

Three and a half million Americans live on an island that is in economic free-fall, and Congress still isn’t sure whether it will throw them a lifeline.

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Hispanic lawmakers face painful decision on Puerto Rico

Hispanic lawmakers face painful decision on Puerto Rico

Puerto Rico’s delegate to Congress and several members of the Congressional Hispanic Caucus have begrudgingly endorsed a House bill backed by Speaker Paul Ryan (R-Wis.) and Minority Leader Nancy Pelosi (D-Calif.) It’s far from sufficient, they say, but the only viable option to help the island avoid a catastrophic default.

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Saving Puerto Rico with a compromise debt plan is the only hope

Saving Puerto Rico with a compromise debt plan is the only hope

Puerto Rico would lose much of its sovereignty under financial restructuring legislation passed out of the House Natural Resources Committee. Unfortunately, the bitter pill is unavoidable.

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Judge orders release of documents tied to Trump University lawsuit

Judge orders release of documents tied to Trump University lawsuit

A federal judge ordered Friday the release of Trump University internal documents in a class-action lawsuit against the defunct real estate school owned by presumptive Republican presidential nominee Donald Trump.

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Letter: Act on Puerto Rico

Letter: Act on Puerto Rico

I have been paying attention to state and national issues for years and that means I have watched the beautiful island of Puerto Rico face every issue from statehood, military testing of its shores, and now the spiraling debt crisis.

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Puerto Rico’s struggles with Zika could one day be Florida’s

Puerto Rico’s struggles with Zika could one day be Florida’s

For a team of athletes preparing to compete in tropical Rio de Janeiro, Brazil, practice on the island of Puerto Rico makes sense.

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Democratic Lawmakers Plan To Keep Fight Going Over Puerto Rico Bill

Democratic Lawmakers Plan To Keep Fight Going Over Puerto Rico Bill

Two Democratic lawmakers are pretty livid about legislation that is meant to give Puerto Rico — home to 3.5 million American citizens — the power to restructure its $70 billion in debt.

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Throw Puerto Rico this lifeline — now: Why Congress should rally behind the bipartisan PROMESA rescue bill

Throw Puerto Rico this lifeline — now: Why Congress should rally behind the bipartisan PROMESA rescue bill

At last, Congress is taking action on the financial crisis in Puerto Rico. We will finally consider the bipartisan legislation known as the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) introduced last week after almost a year of negotiations.

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Tough choices in Puerto Rico

Tough choices in Puerto Rico

Republicans may have dodged a bullet by reaching a compromise on legislation (H.R. 5278) to restructure Puerto Rico’s $70 billion debt, but there’s more incoming fire.

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Where the minimum wage might fall for some Americans

Where the minimum wage might fall for some Americans

A controversial proposal to rescue Puerto Rico from an economic crisis would allow the territory’s leaders to slash the minimum wage for young workers, but economists are debating whether the rare move would be a boon for the cash-strapped island or intensify residents’ financial woes.

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Bondholders Sue Over Puerto Rico Debt-Moratorium Law

Bondholders Sue Over Puerto Rico Debt-Moratorium Law

Holders of bonds from Puerto Rico’s Government Development Bank are suing to challenge aspects of a debt-moratorium law that island officials say is crucial to maintaining essential services as the U.S. territory struggles under a nearly $70 billion debt load.

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Hillary Clinton and Bernie Sanders clash over Puerto Rico rescue bill

Hillary Clinton and Bernie Sanders clash over Puerto Rico rescue bill

Hillary Clinton is on board with the bipartisan plan to rescue Puerto Rico from near economic collapse, but Senator Bernie Sanders issued a strong statement Friday evening against it.

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Relief and anger in Puerto Rico as Congress acts on debt

Relief and anger in Puerto Rico as Congress acts on debt

Puerto Rico (AP) — After months of pleading from Puerto Rico’s government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.

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Republicans, Obama Administration Reach Agreement on Puerto Rico Restructuring Bill

Republicans, Obama Administration Reach Agreement on Puerto Rico Restructuring Bill

House Speaker Paul Ryan capped weeks of delicate negotiations by agreeing with the White House and congressional Democrats on a deal to allow Puerto Rico to restructure its $70 billion debt load.

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