CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
After an almost 27-hour session of amendments, debate, and last-minute negotiations within the Democratic camp, the Senate approved President Biden’s $1.9 trillion American Rescue Plan on March 6, by a 50 to 49 vote.
There have been two recent developments in the ongoing litigation regarding the application of the Supplemental Security Income program to residents of Puerto Rico.
Management of territorial affairs has historically fallen under the purview of the Department of Interior’s Office of Insular Affairs. However, President Kennedy changed that situation in the case of Puerto Rico by issuing a memorandum ordering that all matters regarding the U.S.-Puerto Rico relationship be referred to the Office of the President.
Last week the people of Texas had their most recent close encounter with extreme weather. For the sixth time in twenty years, temperatures dropped to frigid lows and demand for electricity, as could be expected, shot up. But the manager of the Texas grid was singularly ill-equipped to face this foreseeable contingency.
Las Naciones Unidas le han llamado una “catástrofe generacional” en ciernes. El cierre prolongado de las escuelas tendrá repercusiones negativas en el futuro de los niños y jóvenes de todo el mundo y Puerto Rico no será una excepción.
It has been three years and 145 days since Hurricane Maria struck the island. In other words, Puerto Rico has entered its fourth year of reconstruction. The amount of time that has gone by could suggest that recovery is fully underway. The reality on the ground, however, is very different.
La Junta de Supervisión y Administración Fiscal anunció ayer que “llegó a un acuerdo en principio con varios grupos de acreedores para reducir la deuda de Puerto Rico a niveles sostenibles luego de un exitoso proceso de mediación”. Como resultado de ese acuerdo, la JSAF solicitó a la corte extender hasta el 8 de marzo de 2021 el plazo para presentar un Plan de Ajuste modificado.
La ambiciosa agenda doméstica de la administración Biden – de la que Puerto Rico espera ser parte – competirá en atención y recursos con la necesidad de remendar las fracturas que hereda en el ámbito internacional.
