Emergency NAP Funds Expire El Nuevo Día reported that the 1.35 million beneficiaries of Puerto Rico’s Nutritional Assistance Program (NAP) have begun receiving greatly reduced benefits due to a lack of food assistance funds. Puerto
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NAP Funding to be Included in Disaster Relief Bill U.S. Senator David Perdue (R-GA) announced that he will introduce a supplemental disaster relief bill this week. According to Resident Commissioner Jenniffer González (R-PR), the bill
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COFINA Deal Certified by Federal Judge Judge Laura Taylor Swain ruled to certify a Title III restructuring agreement for Sales Tax Financing Corporation (COFINA in Spanish) bondholders involving more than $17 billion of Puerto Rico’s
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Treasury Secretary Resigns, Governor Reshuffles Top Financial Spots Treasury Secretary Teresa Fuentes resigned in a surprise move this week. In her resignation letter, the former partner at Ernst and Young said that the Governor should
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Presidential Candidates Make First Stops in Puerto Rico, Denounce Reported Attempts by the Trump Administration to Block Aid The 2020 presidential elections are barely two years away, and candidates for the Democratic presidential nomination have
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Disaster Spending Would Benefit Puerto Rico, but Fate Remains Uncertain The U.S. House of Representatives has queued-up a $12 billion disaster spending bill, which would include $600 million in additional Nutritional Assistance Program (NAP) funding
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Commonwealth Steps In As Federal Shutdown Continues As the partial federal government shutdown enters its third week, the Commonwealth government has stepped up to keep Puerto Rico’s key national parks open. Governor Ricardo Rosselló announced
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FOB Pushes for Austerity, Reforms in Op-ed In an opinion editorial published in the Washington Post, Fiscal Oversight Board (FOB) Chairman José Carrión and FOB member Andrew Biggs blamed the Government of Puerto Rico’s unwillingness
