Great uncertainty lies ahead for the 50 million Americans that have relied on emergency unemployment compensation to meet basic needs after unexpectedly losing their job due to the COVID-19 pandemic, as the extra unemployment assistance is scheduled to end by July 31.
Luego de cuatro años de haberse aprobado la ley federal PROMESA, y cerca de quince años consecutivos de medidas de austeridad fiscal, nuestro vocabulario de la gestión pública ha adoptado conceptos y términos generalmente asociados con el sector empresarial. Desde entonces se procura “optimizar” recursos, mejorar la “eficiencia” en la prestación de servicios y alcanzar la “autosuficiencia” en las distintas dependencias públicas.
Four years after the enactment of PROMESA, Puerto Rico still faces massive debt and economic challenges – now, further exacerbated by the 2017 hurricanes, the series of earthquakes that have rattled the island since December 2019, and most recently, the COVID-19 pandemic. Early on, the Center for a New Economy (CNE) warned the measures being considered by Congress would not address the underlying issues affecting the island.
The Supplemental Security Income (SSI) program is not available to residents of Puerto Rico, Guam or the U.S. Virgin Islands. Two recent court rulings have found this categorical exclusion of the residents of Puerto Rico and Guam to be unconstitutional. We take a closer look at the impact the SSI program could have for Puerto Rico’s residents and the potential economic benefits associated with it.
Incertidumbre significativa. Esa fue la frase que utilizó Jerome Powell, Presidente de la Junta de Gobernadores del Sistema de la Reserva Federal, para describir la recuperación de la economía de Estados Unidos en su testimonio ante el Comité de Banca, Vivienda y Asuntos Urbanos del Senado de Estados Unidos.
De cara al Plan Fiscal más reciente, Sergio Marxuach presenta dos propuestas de política pública para adelantar el proceso de quiebra actual aún con la gran incertidumbre que existe.
The U.S. Supreme Court ruled that the appointment of the members of the Fiscal Oversight and Management Board (FOMB) did not violate the Appointments Clause of the U.S. Constitution. The Appointments Clause states that the President “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States . . .” (Art. II, §2, cl. 2). The members of the FOMB were appointed pursuant to a complicated process that did not require the advice and consent of the Senate.
There is much that you would imagine keeps me up at night, as I’m sure it does you. But I will confess to you that what has my mind racing and worried is thinking about how Puerto Rico will cope with the hurricane season which begins tomorrow.