New Events

International

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Keir Starmer Humiliated as US Slams Britain?s ?Worsening Human Rights? in Bombshell Report Wed Aug 13, 2025 15:00 | Richard Eldred
The US has left the PM red-faced by blasting Britain for cracking down on free speech and civil liberties, warning that human rights have worsened under Keir Starmer's watch.
The post Keir Starmer Humiliated as US Slams Britain?s ?Worsening Human Rights? in Bombshell Report appeared first on The Daily Sceptic.

offsite link Don?t Put Expensive Items at Front of Stores, Labour Tells Shopkeepers Wed Aug 13, 2025 13:15 | Richard Eldred
Shopkeepers are to blame for the rise in shoplifting, according to Labour's policing minister, who says they should keep items that "obviously people will nick" out of reach.
The post Don?t Put Expensive Items at Front of Stores, Labour Tells Shopkeepers appeared first on The Daily Sceptic.

offsite link Free Speech Union to Pursue Legal Action Against Thanet Council Over Latest Public Spaces Protection... Wed Aug 13, 2025 11:04 | Richard Eldred
The Free Speech Union is dragging Thanet Council to court, claiming its revamped Public Spaces Protection Order still tramples free expression with a "foul language" ban that criminalises everyday speech.
The post Free Speech Union to Pursue Legal Action Against Thanet Council Over Latest Public Spaces Protection Order appeared first on The Daily Sceptic.

offsite link Meet Obki the Alien: Sky TV?s Little Yellow Man Who Aims to Turn Your Children Green Wed Aug 13, 2025 07:00 | Steven Tucker
If you thought Sky Drama was bad when it comes to pumping out climate alarmist propaganda, wait until you watch Sky Kids. Steven Tucker takes a look at Obki, a children's cartoon and mouthpiece for green propaganda.
The post Meet Obki the Alien: Sky TV?s Little Yellow Man Who Aims to Turn Your Children Green appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Aug 13, 2025 01:00 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Search author name words: %

Senate Bill Offers Debt Relief for Puerto Rico

category international | economics and finance | press release author Wednesday July 25, 2018 18:56author by Lydia Andrews - Jubilee USA Network Report this post to the editors

New Senate legislation offers additional options for Puerto Rico to cut its debt. Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Kirsten Gillibrand (D-NY), Ed Markey (D-MA) and Kamala Harris (D-CA) introduced the US Territorial Relief Act. If Congress passes the act, US Territories that experience natural disasters could qualify for debt relief.

"Puerto Rico continues to struggle with the aftermath of Hurricanes Maria and Irma," noted Puerto Rico Archbishop Roberto González Nieves. "The hurricanes were made worse by debt crisis and austerity policies. Legislation such as this, can provide us more options for debt relief and greater transparency in the finances of our island."

The bill also creates an audit commission to study the causes of the debt. US Territories, like Puerto Rico, would qualify for relief if two of three criteria are met. The specific criteria refer to population decrease, receiving federal disaster aid and the total debt per person exceeds $15,000.

Both Puerto Rico and the US Virgin Islands likely meet the Senate Bill's eligibility requirements.

“Beyond debt relief, Puerto Rico and the US Virgin Islands still need Congress to authorize more disaster aid to rebuild to withstand the coming storms," stated Jubilee USA Executive Director Eric LeCompte. LeCompte serves on United Nation debt expert groups and works with Puerto Rico religious leaders on resolving the debt crisis. "Without seriously cutting Puerto Rico's debt there is little hope for reducing the high child poverty rate, let alone seeing sustainable economic growth."

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy