Balancing the government checkbook will not solve an economic crisis like the one Puerto Rico is facing.
Saying “resolving the crisis in Puerto Rico remains a top priority for the U.S. Treasury Department,” agency Secretary Jacob Lew sent a letter to the Financial Oversight and Management Board offering ongoing technical assistance.
Gov.-elect Ricardo Rosselló on Tuesday offered details of the socioeconomic transformation model his administration will follow to spur “growth and development” for Puerto Rico over the next four years.