Today, the Fiscal Control Board for Puerto Rico meets in San Juan. The board was established by bipartisan legislation last year, to help deal with the debt crisis on the island. Four of its seven members were appointed by the GOP leadership in Congress and three were appointed by the Democrats. The board has worked in a bipartisan fashion and appears to have reached consensus that the debt must be drastically reduced.
“Conceivably, this could be one of the largest debt-relief initiatives in the history of fiscal crises if the board remains true to the goals it has set for itself,” Eric LeCompte, executive director of Jubilee USA, told me. LeCompte is in San Juan for the meeting and has played a leading role helping to guide religio…
Read the full article at: https://www.ncronline.org/blogs/distinctly-catholic/debt-crisis-puerto-rico-comes-head
