Puerto Rico: Moving Beyond PROMESA
Photo: Author; San Juan, Puerto Rico On June 30, 2016, in the midst of a summer rocked by Brexit, terrorism, and an acrimonious presidential campaign, President Obama quietly signed into law a bill that had earlier caused controversy but had now faded from government and media attention. The Puerto Rico Oversight, Management, and Economic Stability Act, or PROMESA, was a political compromise neither party was happy with, a mishmash rushed into being to forestall a wave of li