Economics
Puerto Rico Steps Up Lobbying Amid Congressional Inaction
- Governor Garcia Padilla will return to Washington Wednesday
- Treasury's Weiss to discuss debt crisis at Peterson Institute
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Puerto Rico Governor Alejandro Garcia Padilla is making the rounds in Washington again. Flanked by mayors and legislators from the U.S. territory, he plans to make another plea to Congress Wednesday to help Puerto Rico before lawmakers adjourn for 2015.
While Garcia Padilla said at a Senate hearing as recently as last week that the island is running out of money and Democrats warned off a humanitarian crisis, Republicans, in control of both chambers, declined to act, pointing to the commonwealth’s lack of reliable financial data and questioning the costs of potential assistance.