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Treasury urges action on Puerto Rico
Source: Reuters
US | Wed Oct 21, 2015 6:37pm EDT
Treasury urges action on Puerto Rico
NEW YORK
The U.S. Treasury on Wednesday urged Congress to act to help embattled Puerto Rico, saying it needed an orderly restructuring regime, independent fiscal oversight, a reform of its Medicaid program and access to the Earned Income Tax Credit.
"Only Congress has the authority to provide Puerto Rico with the necessary tools to address its near-term challenges and promote long-term growth," Treasury said in a statement.
(Reporting by Megan Davies; Editing by Chris Reese)
Treasury urges action on Puerto Rico
NEW YORK
The U.S. Treasury on Wednesday urged Congress to act to help embattled Puerto Rico, saying it needed an orderly restructuring regime, independent fiscal oversight, a reform of its Medicaid program and access to the Earned Income Tax Credit.
"Only Congress has the authority to provide Puerto Rico with the necessary tools to address its near-term challenges and promote long-term growth," Treasury said in a statement.
(Reporting by Megan Davies; Editing by Chris Reese)
http://www.reuters.com/article/2015/10/21/us-usa-puertorico-treasury-idUSKCN0SF33U20151021
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