The U.S. government is refusing some of Puerto Rico’s requests for federal loan assistance, citing the U.S. territory’s “higher than expected” cash holdings since a devastating hurricane struck four months ago, WSJ Pro Bankruptcy reported. The Federal Emergency Management Agency said on Jan.
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Puerto Rican Gov. Ricardo Rossello on Friday slammed the federal government’s response to Hurricane Maria, saying residents of the island, who are U.S. citizens, are being treated like “second-class citizens,” the Associated Press reported.
Puerto Rico’s governor asked justice officials to investigate allegations that critical power grid supplies were stockpiled instead of put to use rebuilding the U.S. territory’s infrastructure following a devastating recent hurricane, WSJ Pro Bankruptcy reported. Gov.
Aurelius Capital Management, a major Puerto Rico bondholder, asked a federal judge on Wednesday to throw out the U.S. territory’s historic bankruptcy, challenging the constitutionality of the board overseeing the island’s finances, Reuters reported. At a hearing in federal court in New York, Aurelius told 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.