The Subcommittee on Indian, Insular and Alaska Native Affairs held an oversight hearing on the status of the Puerto Rico Electric Power Authority Restructuring Support Agreement, pressing for certain specifics the island’s top administrators could not provide.
Former Washington, D.C. Mayor Anthony A. Williams, who steered the nation’s capital from financial ruin to prosperity, told U.S. lawmakers Tuesday that solving the immediate fiscal crisis, while absolutely essential, will not alone be sufficient to bring Puerto Rico back to the position of economic self-sufficiency.
The U.S. House Subcommittee on Indian, Insular and Alaska Native Affairs Committee will hold an oversight hearing on Feb. 2 to provide commentary on a possible solution to the Puerto Rican debt crisis, emphasizing on improved management policies and long-term sustainability.
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