AGP MEETS WITH CREDITORS IN NYC
From News Is My Business:
"Puerto Rico Gov. Alejandro García-Padilla met with a group of unidenti-
fied advisors to the Commonwealth’s creditors to communicate, first hand,
the need for Puerto Rico reach a broad restructuring of its $70 billion public
debt to sustainable levels, his office said Tuesday. At the meetings, the go-
vernor emphasized that Puerto Rico is only willing to accept agreements lea-
ding to “sustainable long-term restructuring that will result in economic gr-
owth for the island...”
US HOUSE BILL ON PR FACES DELAYS
From Reuters:
"Republicans on a U.S. House of Representatives panel said they were ma-
king progress on a Puerto Rico debt relief bill that will take the same basic
approach as an earlier failed version, despite cancelling plans to unveil new
legislation on Wednesday...House Democratic leadership now expects legis-
lation from the committee before the end of the week. Competing forces have
fought over the bill and raised concerns that creditor rights and long-establi-
shed municipal bond market hierarchy would be set aside in a broader plan to
fix Puerto Rico's festering debt problems that have resulted in a breakdown in
the island's social services..."
NPP REP WANTS PROBE OF JETBLUE DELAYS
From Caribbean Business:
"New Progressive Party (NPP) Rep. Uroyoán Hernández announced Wednes-
day that he filed a resolution seeking to investigate the complaints of several
JetBlue passengers about the allegedly constant delays of the airliner’s flights
departing from the Puerto Rico capital. “During the past few weeks, we’ve
heard dozens of Puerto Ricans who’ve made their voices heard,” Hernández
said. “Whole families have had to wait for hours in the airport terminal ascri-
bed to JetBlue...because there are no pilots available and they must be flown
in from Orlando, Florida, or due to a mechanical failure in the plane. There’s
always an excuse...”
GOVERNOR SAYS BUDGET READY 'SOON'
From The San Juan Daily Star:
"Gov. Alejandro García Padilla said Tuesday that the budget for the next fis-
cal year “is being worked on in a responsible way” and that it will be delive-
red to the Legislature “soon.” In a written statement distributed by La Forta-
leza, the governor said he is “close” to presenting the budget to the Legisla-
ture. The statement came after Senate President Eduardo Bhatia criticized La
Fortaleza for the tardiness in delivering the budget..."
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