The package includes a $4 trillion boost to the nation’s now $36 trillion debt limit, enough to fund operations past the 2026 midterm election.
SAN JUAN, Puerto Rico (AP) — A global trade war is offeringhope as the U.S. territory attempts to strengthen its fragile economy.
Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants to the island, where they would be exempt from tariffs.Any relocation would be a boost to Puerto Rico’s shaky economy as the government emerges fromand continues to struggle with
. The island also is bracing for potentially big cuts in federal funding under the administration of U.S. President Donald Trump, with federal funds currently representing more than half of Puerto Rico’s budget.“The tariff issue is a controversial one, but for Puerto Rico, it’s a great opportunity,” said Gov. Jenniffer González.
Manufacturing remains the island’s biggest industry, representing nearly half of its gross domestic product. But the government wants to recapture Puerto Rico’s heyday, when dozens of big-name companies, especially in the pharmaceutical sector, were based here and kept the economy humming.
So far, officials have identified between 75 to 100 companies that might consider relocating operations to Puerto Rico given the ongoing trade war, said Ella Woger Nieves, CEO of Invest Puerto Rico, a public-private partnership that promotes the island as a business and investment destination.Also appearing before the House Committee on Education and the Workforce were Jeffrey Armstrong of California Polytechnic State University and Robert Manuel of DePaul University. It was the latest in a
scrutinizing university presidents over their responses to allegations of anti-Jewish bias in the wake of Hamas’ Oct. 7, 2023, attacks on Israel and a wave of protests that swept the nation’s campuses.Unlike others that featured leaders of
and other elite institutions — with stumbles that later contributed to— this one intentionally focused on lesser-known schools. Republicans sought to look beyond the Ivy League to underscore the pervasiveness of antisemitism on U.S. campuses.