Puerto Rico may run out of cash by end of Sept -development bank

May 8 Puerto Rico is set to run out of cash by the end of September without additional financing, and may implement emergency measures, including defaulting on its debt obligations, according to a report by the U.S. territory’s fiscal agent. Read more here.

Statement of Puerto Rico Fiscal Stability Coalition on Jeb Bush’s Bankruptcy Position

WASHINGTON, DC – The Puerto Rico Fiscal Stability Coalition today issued the following statement regarding former Governor Jeb Bush’s comments today that Puerto Rico’s public entities should be able to file for bankruptcy.  Bush’s comments came during a visit to Puerto Rico. “It is becoming increasingly clear that bankruptcy is the only responsible solution for Puerto Rico,” said José Fuentes, former …

In Puerto Rico, Jeb Bush pushes for statehood

Jeb Bush reiterated his support for Puerto Rico statehood on Tuesday, telling a crowd that he’s long been a backer of the movement to make the U.S. territory the 51st state. The former Florida governor and likely presidential candidate made the comments during a string of public events on the commonwealth, where he spent months campaigning for his father, George …

The Latino Coalition Urges the House Judiciary Committee to Approve H.R. 870 – The Puerto Rico Chapter 9 Uniformity Act

WASHINGTON, April 23, 2015 /PRNewswire-USNewswire/ — The Latino Coalition (TLC), one of the largest membership and advocacy organizations for Latino-owned small businesses, issued the following statement urging the House Judiciary Committee to approve H.R. 870 – The Puerto Rico Chapter 9 Uniformity Act. H.R. 870 was introduced by Resident Commissioner Pedro Pierlusi to authorize Puerto Rico to enable its public instrumentalities to obtain the same bankruptcy protection that is available in …

In support of Puerto Rico Fiscal Stability Act

The Hill By: Luis G. Fortuno 2015 is a turning point in the economic and legislative relationship between Puerto Rico and the rest of the country: it is up to Congress to decide whether that relationship will be characterized by equality and sustainable progress or costly disputes affecting citizens in the states as well as in Puerto Rico. I am …

Unusual join between Fortuño and Bhatia by bankruptcy law

 Advertising campaign backing the measure that would give federal bankruptcy mechanism to Puerto Rico WASHINGTON.-The defenders of the 870 project that promotes the legal framework of the federal bankruptcy law to offer public companies that may be insolvent seek to take the offensive, at times in the Committee of the House of representatives of the United States legal following without …