Gov. submits bill allowing public corps to restructure
June 25, 2014
Gov. Alejandro García-Padilla announced Wednesday the filing of a bill to establish the framework to allow Puerto Rico corporations in fiscal troubles to conduct an organized restructuring of their debt.
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NY Fed Chief raises red flag about Puerto Rico’s debt
June 25, 2014
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.
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Puerto Rico, USVI get $330K for unemployment services
June 25, 2014
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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