The main risk of delay in construction work is the return of FEMA assigned funds, which could lead to some of of the projects to never materialize or be left unfinished. (Jorge A Ramirez Portela)

Federal bureaucracy hinders post Hurricane María reconstruction

The island has a list of more than 3,500 projects that have not started or are in the planning, design, or permitting stages.

The generators must be installed by the company to be selected by the U.S. Army Corps of Engineers (USACE), a process that could take several months.

The Puerto Rico Electric Power Authority receives the first three mega generators provided by the federal government

They will help stabilize electric generation until the end of the hurricane season

HUD Creates two new offices to address natural disasters

HUD also announces an additional $166 million in funding for Puerto Rico

This was the only case pending before the Supreme Court regarding the validity of the 2020 Joint Regulation.

More than 200,000 permit applications remain in limbo after Supreme Court ruling

Puerto Rico Supreme Court again declared the 2020 Joint Regulation for Permit Evaluation and Issuance invalid

Roberto Pando, president of MMAPA, said that compensation to healthcare providers and revenues for the Department of the Treasury would be affected by CMS's proposed rates for 2024.

Puerto Rico Medicare Advantage Plans fear blow to sickest patients

According to the Association of Medicaid and Medicare Advantage Products, the next rate would be nearly three times higher on the island than at the national level, and would result in increases in co-pays and fewer services

Although she assured that it is "solid," Commissioner Natalia Zequeira said that in the coming days the regulator will closely monitor the banks operating on the island to verify that they will not be affected by the closures of Silicon Valley Bank and Signature Bank.

Financial Institutions Commissioner says Puerto Rico’s banking system is sound

Natalia Zequeira Díaz said that institutions operating on the island will not be affected by the closures of Silicon Valley Bank and Signature Bank, which collapsed in a surprise move over the weekend

Insurance Commissioner with focus on health plans

He orders forensic audits and will evaluate rates to stop the exodus of doctors and health care providers

Javier Saade, appointed by president Joe Biden as Advisory Committee for Trade Policy and Negotiations

Joe Biden announces the appointment of Puerto Rican Javier Saade to the Advisory Committee for Trade Policy and Negotiations

Last congressional session, the President nominated him to an investment board, but he was not confirmed by the U.S. Senate

Gabriel Maldonado González, Secretary of the Department of Labor and Human Resources.

Puerto Rico Department of Labor warns that the law does not allow employers to recover labor reform payments

This according to Secretary Gabriel Maldonado González, in an opinion about a ruling by U.S. District Judge Laura Taylor Swain

Biden’s proposal seeks to bring the federal budget to $6.8 trillion and reduce the deficit by increasing taxes for the highest-income Americans.

Despite the divided Congress, there are opportunities for Puerto Rico in the 2024 federal budget proposal

Sergio Marxuach of the Center for a New Economy (CNE) pointed out that Congress should pass appropriations based on measures like the infrastructure investment act and CHIPS

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