Puerto Rico Debt Crisis: Commonwealth Should Work With Stakeholders to Reach Consensual Solution
At today’s hearing, Richard Carrion testified that as a professional banker, he was “extremely reluctant” to testify in favor of debt restructuring. Yet Carrion has given no weight to promising proposals put forth by the private sector, preferring instead to trumpet the agenda of his friend Governor Garcia Padilla. As demonstrated by today’s bond payment, the Puerto Rican government has the means to meet its obligations, and should work with stakeholders to reach a consensual solution.…[more]
There are plenty of good reasons to be depressed over the recent deal hammered out in Vienna to address Iran’s nuclear program. For one, it bears the imprimatur of President Obama who, as the Bowe Berghdal swap and the Cuba deal illustrate, is a master of “buy high, sell low” negotiations.
For another, the negative implications for Middle Eastern security are almost too numerous to count: a virtually inevitable nuclear arms race that could include the likes of Saudi Arabia, Egypt and Turkey; hundreds of billions of dollars in sanctions relief that Iran can use to fund terrorist…
"Congress recently forbade President Obama from bringing Guantanamo inmates to the United States, or even preparing a place in the U.S. to which the terrorist prisoners might someday be transferred. The specific action Congress took was to renew earlier bans on the president spending any appropriated funds for those purposes. Republicans and Democrats spoke in a strong and unified voice; 370 members…[more]