Posts Categorized: Top Stories

Pierluisi Concedes to Rosselló in Race for Governor

Puerto Rico Resident Commissioner Pedro Pierluisi has conceded to Ricardo Rosselló in the race to become the New Progressive Party’s (NPP) 2016 gubernatorial candidate. “It hurts me on a personal basis, but at the same time I must say that the cause [the NPP] stands for is bigger than the personal aspirations of its leaders,”… Read more »

Clinton Wins Puerto Rico Primary

Hillary Clinton has won the Puerto Rico Democratic primary according to the Associated Press. The victory falls on the heels of her victory Saturday in the U.S. Virgin Islands territorial caucuses. The former Secretary of State is also favored to win upcoming primaries on Tuesday, June 7th, in California and New Jersey. Clinton handily won… Read more »

Borinqueneer Leader Endorses PROMESA

Sam Rodriguez, one of the leaders of the Borinqueneers Congressional Gold Medal Ceremony National Committee , has spoken out about PROMESA, the Puerto Rico Oversight, Management, and Economic Stability Act. “Congress should enact comprehensive, bipartisan legislation to address Puerto Rico’s fiscal crisis by July 1st,” says Rodriquez. “H.R. 5278, the Puerto Rico Oversight, Management, and… Read more »

Puerto Rico Legislation to be Considered by U.S. House of Representatives Next Week

It appears increasingly likely that legislation to address Puerto Rico’s fiscal crisis will be voted on by the House of Representatives next week. Earlier today, the House Rules Committee announced that it will meet next week to provide a structured amendment process for consideration of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA).  The Committee… Read more »

Congressional Committee Considers Puerto Rico Legislation Today

The U.S. House of Representatives Committee on Natural Resources held a short session late yesterday to begin the first part of its consideration of the bill on Puerto Rico fiscal matters worked out by Republican leaders with the U.S. Treasury Department and Democratic leaders last week, the Puerto Rico Oversight, Management and Economic Stability Act (H.R. 5278),… Read more »

Trump and Ryan Agree: Puerto Rico Needs Restructuring Authority, No Bailout

Although House Speaker Paul Ryan (R-WI) has refused to endorse Donald Trump for president at this time, there is at least one issue on which the two Republican leaders agree:  restructuring Puerto Rico’s debt. “I think you could restructure [Puerto Rico’s] debt without a bailout,” the presumptive Republican presidential nominee said on Fox News Thursday, as also… Read more »

Trump: “I’m the King of Debt”

Donald Trump may be the presumptive Republican presidential candidate, but he has already crowned himself king — of debt. “I am the king of debt. I love debt,” Trump said in an interview with Wolf Blitzer. Trump was talking about strategically borrowing money without any intention of paying it back fully, using bankruptcy to force… Read more »