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TexasTowelie

(112,056 posts)
Sun Jul 8, 2018, 05:57 AM Jul 2018

Puerto Rico sues control board over budget differences

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government sued a federal control board on Thursday to resolve a disagreement over two competing budgets that aim to pull the U.S. territory out of an 11-year recession.

Gov. Ricardo Rossello said he is seeking an injunction to stop the board from imposing an $8.76 billion budget that contains various austerity measures, and he accused it of trying to dictate the island’s public policy.

“Our north will always be to defend the most vulnerable in all forums,” he said in a statement.

The lawsuit is expected to define the powers of a board created by U.S. Congress two years ago to oversee Puerto Rico’s finances.

Read more: https://www.apnews.com/006b8c1efab74ac3bf4a0205e4da1ab3/Puerto-Rico-sues-control-board-over-budget-differences

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