Puerto Rico House Approves Pierluisi Nomination
(Bloomberg) -- Puerto Rico's House voted in favor of the outgoing governor's chosen successor, Pedro Pierluisi, keeping his nomination alive for now.
But confirmation by one of the island's two chambers will do little to ease uncertainty about who will become Puerto Rico's next governor when the current one -- forced out by weeks of massive street protests -- officially steps down at 5 p.m. Friday. Senate President Thomas Rivera Schatz delayed a discussion of Pierluisi's nomination until Monday.
Legal scholars have debated whether Pierluisi could take power as governor without being confirmed by both chambers of the legislature.
When the governor's resignation becomes effective, “we will still have an unconfirmed designated secretary of state, and the question being if his post would be viewed as interim,” said Efren Rivera Ramos, a legal scholar at the University of Puerto Rico. “If so, the secretary of state may be able to govern even if he is not confirmed by the legislature.”
To contact the reporter on this story: Stephen Merelman in New York at smerelman@bloomberg.net
To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net
©2019 Bloomberg L.P.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
