With Puerto Rico spiraling toward financial disaster, spokesman Josh Earnest stood in front of cameras yesterday and reiterated the White House’s support for an idea to help the troubled island: Let its public corporations to go through a structured bankruptcy, the same way they can in the 50 states.
In an April campaign stop, Jeb Bush said much the same thing: “Puerto Rico should be given the same rights as the states.”
With both Obama and Bush behind the same plan, you might expect it to have decent odds on Capitol Hill. You’d be wrong. Puerto Rico’s non-voting delegate, Pedro Pierluisi, introduced such a bill in the last Congress, but it never even received a vote in committee.
The United States and Cuba on Wednesday plan to officially seal the renewal of diplomatic ties by announcing the opening of embassies in Washington and Havana for the first time in more than a half century, two administration officials say.
The United States officially removed Cuba from its list of state sponsors of terror earlier in June, eliminating a stumbling block in the diplomatic renewal.
The re-establishing of embassies is a final step in the full diplomatic thaw President Barack Obama initiated in December. Since then, the United States has loosened some travel restrictions to Cuba and expanded economic ties.
Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.
Watch CNN live or On Demand from your computer or mobile device.
Watch live CNN news coverage now at http://cnn.it/go