All posts tagged "fiscal crisis"

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  Puerto Rico’s Fiscal Agent in Cold War

  New fiscal agency's transition process could prove a daunting task

  • Posted June 16, 2016
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  McConnell: Senate to Consider Puerto Rico Aid by End of June

  WASHINGTON – Majority Leader Mitch McConnell said Tuesday the Senate will consider a rescue package to ease Puerto Rico’s financial crisis before the U.S. territory’s $2 billion payment to creditors is due July 1. The House overwhelmingly...

  • Posted June 14, 2016
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  US Senators Call for Investigation into Firms’ Role in Puerto Rico Debt Crisis

  Massachusetts’ regulators already opened probe into various mutual funds

  • Posted June 14, 2016
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  Government Makes Payment, Continues Negotiations with USGS for Water Monitoring

  Monitoring was suspended because of debt

  • Posted June 12, 2016
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  Rosselló: Obama Paints Grim Picture of Puerto Rican Fiscal Crisis

  SAN JUAN – New Progressive Party (NPP) gubernatorial candidate Ricardo Rosselló said President Barack Obama’s remarks in his weekly Saturday address “reflect the intemperate, exaggerated and alarmist message delivered by the administration of ...

  • Posted June 12, 2016
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  DDEC Says It Will Work with New budget

  SAN JUAN – The Economic Development and Commerce Department (DDEC by its Spanish initials) announced Saturday a consolidated $78.9 million budget for fiscal 2017, and its secretary, Alberto Bacó Bagué, argued he would have no trouble operationally...

  • Posted June 11, 2016
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  Short Films Calling Puerto Rico Hedge Fund Island Released

  SAN JUAN – In a bid to cast a light on how it perceives the role some hedge and private equity funds play in Puerto Rico’s financial debacle, California-based Brave New Films has released two videos following...

  • Posted June 11, 2016
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  Obama Urges Senate to Pass Puerto Rico Aid Bill Quickly

  WASHINGTON – President Barack Obama is urging the Senate to swiftly send him a bill to help Puerto Rico manage its staggering debt crisis. In his weekly Saturday address, Obama says a pending bipartisan bill is not...

  • Posted June 11, 2016
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  DNC Chairwoman Says Puerto Rico Debt Relief Bill Lacking

  Argues it does not ensure Puerto Ricans are afforded equal access to federal programs

  • Posted June 11, 2016
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  Pierluisi Lauds House Passage of Promesa

  SAN JUAN – Resident Commissioner Pedro Pierluisi applauded the U.S. House of Representatives’ bipartisanship Thursday when approving H.R. 5278, the Puerto Rico Oversight, Management and Economic Stability Act (Promesa). Pierluisi issued a statement Friday following the House’s...

  • Posted June 10, 2016