All posts tagged "fiscal crisis"

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  Former Gov. Fortuño Asks to Be Excluded from Fiscal Oversight Board

  SAN JUAN – Former Puerto Rico Gov. Luis Fortuño said Friday that he made efforts to ensure the inclusion of language in the federal bill creating the federal fiscal oversight board that stipulates that no current or...

  • Posted June 10, 2016
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  Bondholder Group Bonistas del Patio Applauds Promesa

  SAN JUAN — Bonistas del Patio Inc. (“Backyard Bondholders”), a self-funded nonprofit organization of Puerto Rico bondholders, said Friday that it believes the Puerto Rico Oversight, Management and Economic Stability Act (Promesa) and the creation of a...

  • Posted June 10, 2016
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  Bernie Sanders Files Bill to Tackle Puerto Rico’s Fiscal, Economic Woes

  Amid Promesa's passage in the lower chamber, Sanders introduces Puerto Rico Humanitarian Relief Act

  • Posted June 9, 2016
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  With Debt Payment Looming, House Weighs Puerto Rico Bill

  Lower chamber expected to vote Thursday on Promesa

  • Posted June 9, 2016
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  Debt Restructuring Uncertainty Takes Center Stage at New York Conference

  Creditors clamor for more transparency and credibility

  • Posted June 9, 2016
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  Budget Will Focus on Funding Essential Services, Increasing Debt Payments

  SAN JUAN – House Treasury Committee Chairman Rafael “Tatito” Hernández said Tuesday he would significantly alter the $9.1 billion budget to fund essential areas such as healthcare, security, education and social welfare programs, and try to mitigate...

  • Posted June 7, 2016
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  Air Ambulance Provider Ceases Operations

  Aeromed says it cannot continue with inconsistent government payments and unsustainable fees

  • Posted June 7, 2016
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  Puerto Rico Credit Union Group Unveils New Proposal

  Says it stays within commonwealth’s demands

  • Posted June 7, 2016
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  Puerto Rico Debt Restructuring Conference Held in NYC

  NEW YORK – An important investor conclave took place in New York City on Tuesday, bringing together various creditor groups, monoline bond insurers and key members of Puerto Rico’s restructuring brigades. Debt-restructuring talks between the commonwealth and...

  • Posted June 7, 2016
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  Heritage Action: Promesa Should go Back to Drawing  board

  SAN JUAN – On Thursday, the House is scheduled to consider H.R. 5278, the Puerto Rico Oversight, Management, and Economic Stability Act (Promesa), which attempts to address Puerto Rico’s current debt crisis mainly by appointing an independent...

  • Posted June 7, 2016