CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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This week we focus on two important issues for Puerto Rico. First, we take a look at recent court decisions holding that Congress cannot discriminate against the residents of Puerto Rico and Guam in the application of the Supplemental Security Income program. Second, we highlight some of the difficulties inherent to case tracking and contact tracing.
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 utilizĂł Jerome Powell, Presidente de la Junta de Gobernadores del Sistema de la Reserva Federal, para describir la recuperaciĂłn de la economĂa de Estados Unidos en su testimonio ante el ComitĂ© de Banca, Vivienda y Asuntos Urbanos del Senado de Estados Unidos.
This week we present two public policy proposals to advance the bankruptcy process even with the great uncertainty that exists. We also share guidelines for effective oversight in the context of Puerto Rico’s reconstruction and we call on both federal and local authorities to accelerate the timeline of disbursement of federal funds.
In this week’s Special Edition of the Weekly Review we share a statement from the team at the Center for a New Economy.
De cara al Plan Fiscal más reciente, Sergio Marxuach presenta dos propuestas de polĂtica pĂşblica para adelantar el proceso de quiebra actual aĂşn con la gran incertidumbre que existe.
This week we analyze the U.S. Supreme Court decision in the case of the FOMB for Puerto Rico v. Aurelius Investment, LLC. We also present a hurricane preparedness guide and take a look at PREPA and its claims that the island’s electric system is ready for the upcoming hurricane season.
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.
