Bronx President Diaz Backs Puerto Rico Chapter 9 Effort – MoneyBeat – WSJ As New York City prepares for the National Puerto Rican Day Parade this weekend, local leaders are preparing to join the island’s fight to avoid financial calamity. Bronx Borough President Ruben Diaz Jr., whose parents and grandparents settled in New York from Puerto Rico, is organizing a coalition of the New York elected officials and business leaders to call for federal action to assist the island’s government in the ongoing crisis. Puerto Rico owes investors more than $70 billion and is struggling with a weak economy and declining population. Categories: Business June 11th, 2015
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