Posts Tagged: Jose Carrion III

Puerto Rico Governor Refuses to Revise Fiscal Plan

Puerto Rico Governor Alejandro Garcia Padilla (Popular Democratic Party/PPD) this morning refused to amend the fiscal adjustment plan that he submitted to the territory’s federally-imposed Financial Oversight and Management Board five weeks ago. The refusal contradicts the Federal PROMESA law that the Governor sought, which established the Board and gave the panel overriding control of… Read more »

Rossello Outlines Administration Initiatives

Puerto Rico Governor-Elect Ricardo Rossello (New Progressive Party) is quoted this morning in El Nuevo Dia as saying that he will begin talks with creditors as soon as next week. His goal is to save up to $800 million a year in debt costs over five to seven years. Options for accomplishing this including renegotiating as… Read more »