Etiqueta: Washington Watch

Spotlight on Puerto Rico: Fiscal Board extends stay until May 1st, extends fiscal plan deadline until February 28th

By Jennice Fuentes / Fuentes Strategies In a partial victory for Governor Ricardo Rosselló, the Fiscal Oversight Board (FOB) agreed to extend the stay on debt collection litigation until May 1st, and to extend the deadline for the Governor to submit his five-year fiscal plan until February 28th. The Board gave itself until March 15th ...

Junta de Supervisión establece metas, objetivos y parámetros del plan fiscal

Spotlight on Puerto Rico: Fiscal Board and Governor at odds over path forward on fiscal plan

By Jennice Fuentes / Fuentes Strategies The Fiscal Oversight Board (FOB) and Puerto Rico Governor Ricardo Rosselló are at a crossroads on how to begin the process of repairing the Island’s economy. Roselló has requested a stay on creditor payment litigation past February 15th, and an extension to submit his fiscal plan. In order to ...

Ricardo Rosselló Nevares - firma

Spotlight on Puerto Rico: New Governor issues nine executive orders to cut spending

By Jennice Fuentes / Fuentes Strategies Last week, Governor Ricardo Rosselló issued eight executive orders indicating his commitment to right the fiscal and economic trajectory of Puerto Rico. This weekend he issued an additional order for all government agencies to cut 5% of their procurement spending, for a total of 9 executive orders since formally ...

Ricardo Rosselló y Manuel Laboy

Spotlight on Puerto Rico: Rosselló fills top economic & other slots

By Jennice Fuentes / Fuentes Strategies Governor-elect Ricardo “Ricky” Rosselló announced his choices for top economic development posts in his administration. Rosselló appointed Manuel Laboy Rivera as Secretary of Economic Development and Commerce. Laboy Rivera is a chemical engineer and a partner in a firm that develops energy projects. He also served as Assistant Secretary ...

Ricardo Rosselló Nevares

Spotlight on Puerto Rico: Rosselló fills top posts with campaign aides

By Jennice Fuentes / Fuentes Strategies Governor-elect Ricardo Rosselló has announced his selections for several top posts within his incoming administration; all appointees announced thus far are close aides of his campaign and transition. In a surprise move, Rosselló appointed New Progressive Party (NPP) Secretary General, William Villafañe as Chief of Staff. Many analysts had ...

Ricardo Rosselló

Spotlight on Puerto Rico: Rosselló appoints transition team

By Jennice Fuentes / Fuentes Strategies The first segment of this week’s spotlight is focused squarely on Governor-elect Dr. Ricardo “Ricky” Rosselló, a 37 year-old stem cell scientist and son of former Governor Pedro Rosselló. We cover his newly appointed transition team, and what to expect on the fiscal and economic fronts from the incoming ...

El Título II de PROMESA (2a parte): Cumplimiento con los planes fiscales y presupuestos

Spotlight on Puerto Rico: Fiscal Board update

By Jennice Fuentes / Fuentes Strategies Members of the Financial Oversight Board (the “Board”) created under the Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA” or the “Act”) plan to hold their first meeting in New York City on Friday, September 30, 2016 from 8:30 am to 10:00 am. The meeting will be held ...

Spotlight on Puerto Rico: Congressional Task Force releases prelim report light on substance

Spotlight on Puerto Rico: Congressional Task Force releases prelim report light on substance

By Jennice Fuentes / Fuentes Strategies The Congressional Task Force on Puerto Rico’s Economic Development released a progress report last week, as mandated under the PROMESA law, that did not include any specific policy recommendations. The 8-member group complained about the lack of accurate data regarding Puerto Rico’s economic and financial status, and said they ...

Washington DC, Capitolio

Rumors of Fiscal Control Board chairman, executive director appointees intensify

By Jennice Fuentes / Fuentes Strategies Recurring rumors are circulating that the fiscal control board will select José Carrión or Carlos García as its chairman. According to sources, the board is also set to appoint Bill Cooper as executive director of the board. Cooper, Staff Director of the House Energy and Mineral Resources Subcommittee and ...