Puerto Rico’s political crisis risked deepening today as lawmakers and street protesters opposed Pedro Pierluisi, the island’s former representative in the U.S. Congress, tapped to replace disgraced Governor Ricardo Rosselló, Reuters reported.
Puerto Rico in Distress
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Puerto Rico’s embattled governor will name the island’s former representative in the U.S. Congress, Pedro Pierluisi, as his new secretary of state and next in line to succeed him when he steps down, El Nuevo Dia newspaper reported, according to Reuters.
Few have as many reasons as Puerto Ricans to be furious at the status quo, according to a Bloomberg Businessweek commentary. The quarter of the island’s 3.2 million residents who are 21 or younger have lived most of their lives in a grinding recession that forced hundreds of thousands to migrate to the mainland. The U.S.
Puerto Rico’s worst political crisis in decades is intensifying after the commonwealth’s governor-in-waiting Wanda Vazquez, said that she doesn’t want to take power, leaving the bankrupt island facing an unprecedented succession impasse, Bloomberg News reported.
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The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.