Posts Categorized: Top Stories

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 »

Puerto Rico Bill Divisions Not Only Partisan

The U.S. House of Representatives Natural Resources Committee’s hearing today on legislation to address the fiscal problems of government in Puerto Rico demonstrated the extent of differences among Republicans as well as between Democrats and Republicans on the measure, H.R. 4900, introduced late yesterday by Representative Sean Duffy (R-WI). Only four Republicans other than the… Read more »

Medicare Advantage Improvements for Puerto Rico

Puerto Rico’s status as an unincorporated territory makes it possible for the federal government to treat Puerto Rico differently from the States. One of the areas in which this can easily be seen is in healthcare funding. Puerto Rico receives far less funding than it would if it were a State. For some months, Puerto… Read more »