For Puerto Rican retirees living in Florida, the critical question of the long-term security of their pensions is a constant source of worry, according to a commentary in the Orlando Sentinel.
Puerto Rico in Distress
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The question of statehood for Puerto Rico would be put to voters of the U.S. commonwealth for a third time since 2012 under legislation introduced yesterday in Congress, Reuters reported. Proponents of the bill said that it would provide the island with the same path to statehood taken by Alaska and Hawaii, the last two states admitted to the union.
Puerto Rico’s undependable power network would be modernized and decentralized under a $20.3 billion, 10-year plan announced on Thursday by government officials of the bankrupt U.S. commonwealth, Reuters reported.
A 2016 U.S. law that authorized federal oversight for Puerto Rico should not be amended to allow for the cancellation of unsecured debt, some of the island’s government officials said at a congressional hearing yesterday, Reuters reported. The House Natural Resources Committee, which oversees U.S.
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This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.