SAN JUAN, Puerto Rico — Puerto Rico's governor on Monday challenged a federal control board created by Congress just months ago to oversee the finances of the U.S. territory and help pull it out of an economic crisis.
In what could be a test of the board's powers, Gov. Alejandro Garcia Padilla announced he would not submit an amended fiscal plan — the board's first request of the island's leader. He said he believes new austerity measures would only worsen the crisis and insisted the board restructure nearly $70 billion in public debt that he has said is unpayable. - CAN PRESS