The newly appointed head of a federal control board that oversees Puerto Rico's finances warned that the U.S. territory will be hit with painful austerity measures in upcoming months.
February 22, 2017 at 11:00 PM
1 minute read
The newly appointed head of a federal control board that oversees Puerto Rico’s finances warned that the U.S. territory will be hit with painful austerity measures in upcoming months.
Interim Director Ramon Ruiz said there are no other options given the island’s dire economic situation and recommended that the government act quickly.
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