End to Puerto Rico Shutdown May Unravel

[Eugene]

End to Puerto Rico Shutdown May Unravel


Saturday May 13, 2006 3:31 AM

AP Photo XBL108

SAN JUAN, Puerto Rico (AP) - A deal to end Puerto Rico's fiscal crisis could unravel
if the House does not approve the U.S. territory's bailout legislation, Gov. Anibal
Acevedo Vila said Friday.

Inside the Capitol on Friday evening, lawmakers were still considering measures needed
to finance a loan to cover government expenses for the remainder of the fiscal year
and allow more than 100,000 furloughed public employees to return to their jobs Monday.

<snip>

Lawmakers said they would vote on the measure late Friday or early Saturday.

An agreement announced late Wednesday called for an emergency loan to cover a $740
million budget deficit that would resolve a partial government shutdown that crippled
government services and hurt businesses in this U.S. Caribbean territory. The accord
left several key issues up to legislative approval.

<snip>

Full article: http://www.guardian.co.uk/worldlatest/story/0,,-5819065,00.html

Related threads:
Puerto Rico budget woes deepen (BBC) {gov't is BROKE}
Puerto Rican schools, government offices close (AP/CNN) {out of money}

[eppur_se_muova]

1. Thanks for posting this. Nothing on CNN! NOOOOOTHING!

Nice to know we can rely on the Guaridan and BBC to find out what's going on in our own country, eh? :eyes: