By Bill de Blasio & Bob Buckhorn Time is running out for Congress to help save Puerto Rico from a financial debacle that could very soon turn into a humanitarian crisis. The magnitude of this emergency, and its effect on all Americans, cannot be overstated. We have heard from Puerto Rican, congressional and local leaders… read more
By Martin Z. Braun Ricard L. Carrion, the chairman and chief executive officer of Popular Inc., will testify at a U.S. Senate Judiciary Committee meeting on Dec. 1, concerning Puerto Rico’s fiscal crisis, bank spokeswoman Teruca Rullan said. Pedro Pierluisi, the commonwealth’s nonvoting member of Congress, said the hearing will examine Puerto Rico’s fiscal and… read more
By Richard Carrion After a decade of economic contraction, lack of fiscal discipline and increasing public debt, Puerto Rico now stands at a critical junction. As a banker and a proud Puerto Rican, I am frustrated and ashamed that the situation has deteriorated to this point. Leaders from several administrations and political parties ignored structural… read more