GAO to look at government debt in Marianas, US territories

WASHINGTON, D.C.—In a move to avoid any future financial crisis the Government Accountability Office, the investigative arm of Congress, is beginning a review of public debt in the Commonwealth of the Northern Mariana Islands and other U.S. insular areas. The review is required...
Posted On Feb 21 2017 06:00
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GAO seeks to prevent a Puerto Rico

The U.S. Government Accountability Office is currently reviewing the CNMI’s public debt with the goal of avoiding another Puerto Rico, which is suffering from an ongoing financial crisis since 2005. Three other U.S. territories—American Samoa, Guam, and the U.S. Virg...
Posted On Feb 17 2017 06:06
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Puerto Rico debt relief casts shade on Guam

Fitch Ratings placed the following ratings of the U.S. Virgin Islands (USVI) Public Finance Authority (VIPFA) and the Government of Guam (Guam) on Rating Watch Negative. This action was taken for the following reason: “The rating actions follow the enactment of S.2328, an act...
Posted On Jul 08 2016 06:00
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Bordallo pushes for Social Security, Medicaid, tax equity

WASHINGTON, D.C.—Congresswoman Madeleine Z. Bordallo testified today before the House Rules Committee to request that two amendments she filed be made in order for debate on H.R. 5278, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). She also testified...
Posted On Jun 15 2016 06:00
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