Stabilizing Puerto Rico’s $70 billion debt as a share of its income and reducing it to more sustainable levels should be a key goal of the island’s fiscal and economic policy, New York Fed CEO William Dudley said during a presentation to the CPA Society on Tuesday.
The tourism sector raised a red flag Tuesday over the filing of a Senate Bill late last week that would effectively kill Meet Puerto Rico, the island’s convention and groups coordinator responsible for generating more than $110 million a year for the local economy.
Puerto Rico and the U.S. Virgin Islands received a combined $330,534 from the U.S. Department of Labor to implement or continue re-employment and eligibility assessments for unemployment insurance beneficiaries, the agency announced Tuesday.
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