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
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HUD Stalls Transfer of CDBG Funds El Nuevo Día reports that the U.S. Department of Housing and Urban Development (HUD) is currently waiting for the Puerto Rican government to show that it can properly manage
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Governor Ricardo Rosselló Pursues More Help from Congress Governor Ricardo Rosselló sent a letter to Congressional leaders requesting additional billions in federal funding. In the letter, the Governor listed his priorities for the lame-duck Congressional
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Tax Reform Goes to Governor’s Desk, FOB Objects to Provisions Governor Ricardo Rosselló has said he will sign a controversial tax reform legislation that passed the legislature without public hearings or debate. The Fiscal Oversight