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Archive for May 26th, 2016

The Developing Bailout of Puerto Rico

Thursday May 26th, 2016   •   Posted by Craig Eyermann at 6:25am PDT   •   0 Comments

A major step toward the bailout of the bankrupt government of the U.S. territory of Puerto Rico was taken on May 25, 2016, when a draft of the “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA) advanced from a Congressional committee with bipartisan approval. The Wall Street Journal describes the bill now pending…
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