Pope Francis at Casa Santa Marta: No saint is without a past, and no sinner is without a future
December 22, 2015. Pope Francis has accepted the resignation of Msgr.Félix Lázaro Martínez as Bishop of Ponce (Puerto Rico). Msgr. Rubén Antonio González Medina will take his place. He has also appointed Gerard County as bishop of Kingstown (Saint ...
Here’s what Congress can do about Puerto Rico’s debt
WASHINGTON — Puerto Rico’s $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that’s usually on the sidelines of American politics. The island has been mired in economic stagnation for nearly a decade.
Financial crisis of Puerto Rico creates $70 billion debt – is a bailout coming?
Puerto Rico’s economic collapse is deepening as the island territory’s fiscal situation deteriorates. With its finances in dire straits, the government will fail to make billions of dollars worth of debt payments over the next 10 years. According to an ...
Puerto Rico's First Debt Deal Is Running Up Against a Deadline
Puerto Rico is starting to make investors sweat when it comes to wrapping up the island’s first deal to begin cutting its $70 billion of debt. The Puerto Rico Electric Power Authority, the island’s government-run utility, needs lawmakers to approve ...
Puerto Rico’s democracy at risk
With the commonwealth in fiscal crisis, the U.S. Senate is considering a bill called the Puerto Rico Assistance Act of 2015. It offers minor assistance: a temporary reduction in payroll taxes and a “development fund” of $3 billion. But the real purpose ...
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