1stRambo
Gold Member
- Feb 8, 2015
- 6,221
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Yo, the Congress is working on our Debt now? And this idiot in the White House wants us to bail out Puerto Rico? What a sick ****!!!
White House says Congress must act to help Puerto Rico
By MARTIN CRUTSINGER
Oct. 21, 2015 7:37 PM EDT
WASHINGTON (AP) — The Obama administration is calling on Congress to provide Puerto Rico with the support it needs to emerge from a debt crisis.
The administration issued a statement late Wednesday saying its efforts to help would not be enough to solve the crisis and only Congress has the power to adequately address Puerto Rico's problems.
The administration proposed a four-step program that calls on Congress to approve restructuring of Puerto Rico's debt burden and then provide oversight for a credible recovery plan. The plan also calls for reforms to Puerto Rico's Medicaid program.
The administration proposal, if approved by Congress, would give Puerto Rico a way to restructure its $72 billion in debt. Earlier Wednesday, Puerto Rico's Government Development Bank announced it was ending talks with a group of bondholders without reaching a deal on debt restructuring.
Mod Edit-- Shortened for copyright protection.. FCT
"Only Congress has the authority to provide Puerto Rico with the necessary tools to address its near-term challenges and promote long-term growth," the administration officials said.
White House says Congress must act to help Puerto Rico
"GTP"
Go Trump, Stop This Madness!!!
White House says Congress must act to help Puerto Rico
By MARTIN CRUTSINGER
Oct. 21, 2015 7:37 PM EDT
WASHINGTON (AP) — The Obama administration is calling on Congress to provide Puerto Rico with the support it needs to emerge from a debt crisis.
The administration issued a statement late Wednesday saying its efforts to help would not be enough to solve the crisis and only Congress has the power to adequately address Puerto Rico's problems.
The administration proposed a four-step program that calls on Congress to approve restructuring of Puerto Rico's debt burden and then provide oversight for a credible recovery plan. The plan also calls for reforms to Puerto Rico's Medicaid program.
The administration proposal, if approved by Congress, would give Puerto Rico a way to restructure its $72 billion in debt. Earlier Wednesday, Puerto Rico's Government Development Bank announced it was ending talks with a group of bondholders without reaching a deal on debt restructuring.
Mod Edit-- Shortened for copyright protection.. FCT
"Only Congress has the authority to provide Puerto Rico with the necessary tools to address its near-term challenges and promote long-term growth," the administration officials said.
White House says Congress must act to help Puerto Rico
"GTP"
Go Trump, Stop This Madness!!!
Last edited by a moderator:
