U.S., Puerto Rican leaders seek 'action plan' for island

Published 10/14/2015, 04:21 PM
© Reuters. A member of a labor union shouts slogans while holding a Puerto Rico flag during a protest in San Juan

By Nick Brown

ORLANDO (Reuters) - Puerto Rican and U.S. leaders will meet in Florida on Wednesday to discuss ways to promote Puerto Rico's interests in Washington as the island weathers a major debt crisis.

Civic leaders in the U.S. with ties to Puerto Rico, as well as U.S. legislators like Florida Representative Alan Grayson, will convene in Orlando for panel talks and a "political strategy discussion" to develop an "action plan to address the crisis," according to the event's agenda.

The island, which owes creditors $72 billion, has proposed a plan to restructure debt and impose austerity measures, but it faces political hurdles, including the need for legislative action from the U.S. government.

Puerto Rico is not high on the priority list of a Republican-dominated Congress, and while there have been some efforts on Capitol Hill to address the issue, they have struggled to generate momentum.

If Wednesday's meeting is outwardly designed to foster that momentum, it may also serve as a key chance for politicians to score points with Hispanic voters in Florida, a swing state that is home to 987,663 Puerto Ricans, according to 2013 Census data. Grayson, a Democrat, represents the district that includes Orlando, and is running for Senate in 2016.

Melissa Mark-Viverito, the Puerto Rican-born New York City Council speaker, will run Wednesday's political strategy session. As one of the most powerful politicians in a state that is home to more than a million Puerto Ricans, Mark-Viverito has made the island's fate a priority.

Organized in part by Puerto Rico's federal affairs office in Florida, the conference figures to attract leaders largely allied with the island's governor, Alejandro Garcia Padilla, a Democrat and member of the party opposed to making Puerto Rico a U.S. state.

Along with Grayson and Mark-Viverito, the key U.S. politicians attending the conference - Reps. Jose Serrano, Luis Gutierrez and Nydia Velazquez - are all Democrats.

© Reuters. A member of a labor union shouts slogans while holding a Puerto Rico flag during a protest in San Juan

Panels will address various topics including human rights, climate change and healthcare. The latter is a particularly passionate issue in Puerto Rico, which, as a U.S. commonwealth, receives less federal Medicaid funding than U.S. states.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.