There has been an exodus of families from Puerto Rico in the face of its economic collapse, so Luis Santaella School has a big problem: Only 146 children are enrolled compared with about 250 in the past, The New York Times reported today.
Puerto Rico in Distress
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As Puerto Rico filed the largest municipal bond bankruptcy in U.S. history last week, many believe that all Congress needs to do is take a step back and let the process work itself out.
Puerto Rico, deep in a fiscal hole it dug partially with its own shovels, is about to grab a rope and start pulling itself out, according to an editorial in today’s New York Daily News.
Supreme Court Chief Justice John Roberts has appointed a New York judge with experience overseeing bankruptcy and financial crime cases to preside over the bankruptcy of Puerto Rico, USA Today reported on Friday. Roberts named U.S.
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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.