– Today, Secretary of the Treasury Jacob J. Lew and National Economic Council Director Jeffrey Zients hosted a roundtable discussion with a variety of stakeholders on Puerto Rico’s economic and fiscal challenges.
Secretary Lew and Director Zients discussed the Administration’s longstanding engagement with Puerto Rico officials in search of solutions for the Commonwealth. Participants were briefed on the scope of Puerto Rico’s fiscal challenges and the Administration’s efforts to bring the federal government’s full capabilities to bear in providing assistance to the Commonwealth to speed its economic recovery. Participants provided insight on the local impacts of the fiscal situation and potential solutions to these challenges.
Administration officials also discussed the need for congressional action to provide Puerto Rico with the tools it urgently needs, including access to an orderly restructuring regime. Without federal legislation, a resolution across Puerto Rico's financial liabilities would likely be difficult, protracted, and costly. Secretary Lew and Director Zients reiterated the Administration’s commitment to work with Congress in pursuit of comprehensive solutions for Puerto Rico that address near-term challenges and promote long-term growth.
• Barry Bosworth, Brookings Institution
• José Calderón, Hispanic Federation
• Juan Cartagena, LatinoJustice PRLDEF
• Sara Clemente, League of United Latin American Citizens
• Rafael Fantauzzi, National Puerto Rican Coalition
• Chris Fox, AFSCME
• Tracy Gordon, Urban Institute
• Julie Kushner, UAW
• Robert Maldonado, Hispanic National Bar Association
• Andrew Powell, InterAmerican Development Bank
• Mairym Ramos, SEIU
• Richard Ravitch
• Dennis Rivera, Puerto Rico Healthcare Crisis Coalition
• Eric Rodriguez, National Council of La Raza
• Héctor Sánchez, National Hispanic Leadership Agenda
• Gretchen Sierra-Zorita, National Hispanic Foundation for the Arts
• Heather Slavkin Corzo, AFL-CIO
• Justin Vélez-Hagan, National Puerto Rican Chamber of Commerce
• José Villamil, Estudios Técnicos
• Rhina Villatoro, National Hispanic Caucus of State Legislators