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“Congress Dawdles as Puerto Rico Hurtles Towards Financial Ruin” Reply


POLITICO

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.

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CNN BREAKING NEWS . . . Reply


The Greek government is now ready to sign on to a bailout package it threw out just days ago, but the about-face won’t fix the country’s crisis anytime soon.

Prime Minister Alexis Tsipras wrote to European leaders and the International Monetary Fund late Tuesday, accepting most of the conditions they had attached to releasing more cash, a European official told CNNMoney.

The official confirmed the contents of a letter first reported by the Financial Times.

European finance ministers will meet Wednesday to discuss the dramatic reversal in the Greek government’s position.

But it won’t spell the immediate end of Greece’s financial crisis, even if the about-face is given a favorable reception by the country’s creditors.

The only mechanism for Europe to hand over rescue loans expired at midnight. And Greece defaulted on a payment to the IMF Tuesday.

A new bailout agreement could take weeks to negotiate. Meanwhile, Greek banks remained shuttered, and the country’s economy weakens by the day.

Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.

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BIBLE VERSE OF THE DAY Reply


 

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Romans 12:3 ESV

[ Gifts of Grace ] For by the grace given to me I say to everyone among you not to think of himself more highly than he ought to think, but to think with sober judgment, each according to the measure of faith that God has assigned.

TODAY IN HISTORY, JULY 1st Reply


CNN BREAKING NEWS . . . Reply


Republican presidential candidate Jeb Bush is worth as much as $22 million, his campaign says.

The Bush campaign released 33 years of tax returns — the most ever by a presidential candidate — that showed he had an average effective tax rate of 36%.

He’s given almost $750,000 to charity since leaving the Florida governor’s office in 2007. That is when Bush’s net worth exploded as he began earning big paychecks from speeches, consulting and sitting on corporate boards.

Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.

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