Biden’s Rescue Plan
President Joe Biden unveiled last week a $1.9 trillion COVID-19 relief package to help stabilize the faltering U.S. economy.
CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
President Joe Biden unveiled last week a $1.9 trillion COVID-19 relief package to help stabilize the faltering U.S. economy.
In general, the new Administration should focus its energy on providing the residents of Puerto Rico equal access to federal programs and funding so it can avoid poverty traps and spur economic growth.
Last night President Trump took to Twitter to threaten with a Presidential veto the long-awaited COVID relief bill. The current short-term continuing resolution (CR) also expires next Tuesday, December 29, meaning that Congress has little time to make adjustments to the Covid relief bill.
A little over a month ago the U.S. Census Bureau published a notice of proposed rulemaking for the elimination of the Electronic Export Information filing requirement for shipments between the United States and Puerto Rico and the U.S. Virgin Islands. While for the most part this notice has flown under the radar, the negative implications it poses over Puerto Rico’s economic data merits our attention.
En un momento tan doloroso como este, en el que el mundo experimenta semejante pandemia, vale recordar que Puerto Rico atraviesa una situación aún más delicada. Hay toda una generación en la isla que solo conoce la palabra “crisis”.
During the past couple of weeks, plenty has been inferred over the future composition of Puerto Rico’s new Financial Management and Oversight Board. In this post we shed some color on the appointments process and what is before the U.S. government at this time.
Four years since the enactment of PROMESA, the island of Puerto Rico is still grappling with nearly 15 years of economic contraction and a bankruptcy process that appears to have no end in sight. Making matters worse, just a year after PROMESA was signed into law, Puerto Rico was struck by not one but two devastating hurricanes in a span of 14 days.
For decades, Puerto Rico and the other U.S. territories have been deprived of access to federal programs specifically designed to provide a safety net, break persistent poverty cycles and jumpstart the economy. These limitations unfairly discriminate against the residents of U.S. territories and perpetuate long-standing inequities. Three recent court decisions suggest discriminatory policies against the residents of U.S. territories will no longer stand.