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Biden Urges Puerto Rico Debt Relief

Submitted by jhartgen@abi.org on

Democratic presidential nominee Joe Biden is calling on the federal government to offer debt relief to Puerto Rico as part of a broader plan to support the bankrupt U.S. territory as he works to appeal to Puerto Rican voters in Florida, Bloomberg News reported. Biden would encourage an end to the territory’s fiscal austerity, according to a plan released by his campaign yesterday as he traveled to central Florida. He would also accelerate and increase federal funding for recovery from hurricanes and COVID-19. He is also proposing a federal working group for Puerto Rico that would report directly to the president.

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