I think everyone is hoping that there may be a light at the end of the dark Puerto Rican financial tunnel. It’s being reported that a deal has finally been reached on how to solve the Puerto Rican fiscal crisis that has left nearly 100,000 island workers without work or a paycheck for the last 11 days. The deal, which was brokered through special committee comprising two economists, a professor and a former judge includes a combination of tax reforms, a $741 million bank loan and possible downsizing of the commonwealth’s government. However, the plan which was announced by Gov. Anibal Acevedo Vila last night, still needs to be approved by the legislature. Pro-statehood Sen. Pedro Rossello stated:

Those who have the power to legislate are the legislators. The Legislature can’t transfer this power to a committee — particularly to a committee that hasn’t been elected by the people.

More likely than not there will still be politicos arguing while the workers in Puerto Rico continue to suffer.

Via / Virtual Boricua