All posts tagged "fiscal crisis"
GOP Member Proposes to Eliminate Federal Minimum Wage in Puerto Rico
SAN JUAN — As Congress continues to evaluate options to address Puerto Rico’s fiscal and economic crisis, a Republican representative introduced last week legislation that would allow the commonwealth to opt out of federal minimum wage requirements....
- Posted March 1, 2016
House Hearing Probes Impact of Puerto Rico Debt Crisis on Bond Market
Krueger: With no Bankruptcy Protection, Creditors Can Take Puerto Rico to Courts
- Posted February 25, 2016
Rosselló Proposes Institute to Plan Ahead for Future Challenges
SAN JUAN — New Progressive Party (NPP) governorship hopeful, Ricardo Rosselló, proposed Wednesday the establishment of the “PRo-active Institute,” a quasi-public entity that would identify future opportunities for the socioeconomic development of Puerto Rico. “If this mechanism...
- Posted February 24, 2016
High Hopes, Wide Gulf as Obama, GOP Look for Common Ground
WASHINGTON – Can President Barack Obama and Republicans put aside years of ill will to secure a few big breakthroughs in Obama’s final year? Don’t get your hopes up. There were scant signs of consensus Tuesday as...
- Posted February 2, 2016
Government Officials are in Denial, House Treasury Committee Chairman says
SAN JUAN – House Treasury Committee Chairman Rafael “Tatito” Hernández denounced that some government officials are in denial about the gravity of Puerto Rico’s fiscal crisis. While he did not single anyone out, Hernández said he will...
- Posted January 18, 2016
Gov’t FY 2016 Budget now $9.3B; Audited Statements may be Released by end of Month
SAN JUAN – The Puerto Rico government budget for fiscal year 2016, which ends June 30, has been adjusted, from $9.8 billion to $9.27 billion, mainly as a result of lower than expected revenue entering the commonwealth...
- Posted January 13, 2016
As US Congress Reconvenes, Hearings Over Puerto Rico Loom in January
The U.S. House Natural Resources Committee is reportedly slated to hold two hearings this month over the Puerto Rico fiscal crisis. The first lower chamber hearing is expected to take place Jan. 12 and the second on...
- Posted January 4, 2016