Puerto Rico Turns to Lewandowski to Lobby Trump on Debt
The hedge funds and insurance companies that want financially strapped Puerto Rico to pay them back in full may have found a new ally: Donald Trump’s former campaign manager, Corey Lewandowski.
The newly elected governor of Puerto Rico is in discussions to hire Lewandowski’s lobbying firm, at a time when the island’s creditors are hoping that the incoming Trump administration will be more sympathetic to them than the Obama administration has been. Such a shift would add to concerns that the new administration’s tight ties to banks and investment funds could tilt its policies in favor of Wall Street.
“There’s no contract, but we have active talks” with the governor, says Barry Bennett, who recently formed Avenue Strategies with Lewandowski.
The governor wants Avenue to lobby the new administration regarding Puerto Rico’s fiscal crisis, though it’s too early to say exactly what steps the firm would push for, Bennett said. He denied a report by Caribbean Business that Lewandowski recently arranged a get-together between the new governor, Ricardo Rosselló, and Trump. “There was no meeting with Trump,” he said. A spokesman for Rosselló confirmed that the governor did not meet with Trump.
Read more: https://www.propublica.org/article/puerto-rico-turns-to-lewandowski-to-lobby-trump-on-debt
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