More than two months after Hurricane Maria devastated Puerto Rico, the island’s government still hasn’t received any of the $4.9 billion of short-term loans promised in the storm aid package Congress passed at the end of October, Bloomberg News reported.
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A Puerto Rican official yesterday said that the overhaul of the U.S. tax system, if not amended, could devastate the bankrupt U.S. territory’s ability to collect desperately needed revenues, Reuters reported. Francisco Pares, an assistant secretary in Puerto Rico’s treasury department, said a major tax overhaul approved over the weekend by the U.S.
So many of San Juan’s hotels remain closed from hurricane damage that a federal judge canceled plans to bring Puerto Rico’s historic, $74 billion bankruptcy case back to the island, Bloomberg News reported.
Sen. Bernie Sanders (I-Vt.) unveiled an ambitious $146 billion Puerto Rico recovery plan he says will allow renewable power sources such as solar and wind to provide about 70 percent of the island’s energy needs within the decade, the Washington Post reported.
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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.