Jubilee USA Network

Jubilee USA
Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

Releases by this organization

Newswire article
Wednesday, March 13, 2019
House Hearing Reviews Financial Transparency Legislation
The House of Representatives is holding hearings on legislative initiatives to deter corruption and secrecy in the global financial system. The Financial Services Subcommittee on National Security, International Development and Monetary Policy convenes a March 13th hearing on "Promoting Corporate...
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Newswire article
Tuesday, February 05, 2019
Puerto Rico Debt Deal Receives Court Approval
Judge Laura Taylor Swain approved a deal to restructure $17 billion of Puerto Rico's $72 billion debt on Monday. Court approval was the last hurdle creditors and the island's oversight board needed for a plan to address sales tax backed debt or "COFINA" debt. "We are worried that not enough debt is...
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Newswire article
Wednesday, January 16, 2019
Puerto Rico Bankruptcy Judge Reviews Debt Deal
Through Thursday, the judge presiding over Puerto Rico's bankruptcy process will hear testimony about a debt deal to restructure about $17 billion of the island's $72 billion debt. The Honorable Judge Laura Taylor Swain is administering the island's Title III process, a debt restructuring process...
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Newswire article
Monday, December 17, 2018
Jubilee USA Urges Congress to Pass Puerto Rico Aid and Debt Relief Protections
As Democrats and Republicans head toward a budget showdown this week, several Puerto Rico amendments could be added to budget bills. More than a million US citizens in Puerto Rico could lose food assistance benefits if Congress does not authorize an additional $600 million for the Nutritional...
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Newswire article
Friday, December 07, 2018
Fed Says College Students Have More Debt than Previous Generations
A study released from the Federal Reserve Board notes that 70 percent of college students are graduating with more than $37,000 in debt. "Student loan debt has reached crisis levels," noted Eric LeCompte who heads the religious debt watchdog, Jubilee USA Network. "Current graduates are carrying...
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Newswire article
Friday, November 30, 2018
G20 Discusses Preventing Financial Crisis and Small Island Economies
President Trump arrived in Buenos Aires on Thursday for the annual G20 meetings. While trade, climate and tensions with Russia dominated press coverage ahead of the meetings, financial crisis concerns are taking center stage during the two-day meetings. The International Monetary Fund released a...
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Newswire article
Friday, November 16, 2018
Puerto Rico Religious Leaders Criticize Debt Plans and Negotiations
Puerto Rico's Catholic Archbishop and an Evangelical leader who heads the island's bible society criticized a debt agreement and ongoing debt negotiations. "We are strongly opposed to the COFINA debt deal," wrote the religious leaders in a statement referencing a recently approved plan on a type of...
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Newswire article
Wednesday, November 14, 2018
President Trump: Hurricane Relief Should Not Pay Puerto Rico Debt
According to a report from Axios, President Trump told advisers that additional hurricane relief monies should not be sent to Puerto Rico as the monies could be used to pay the island's debt. "We are concerned that hurricane relief monies are providing a budget surplus that can pay Puerto Rico's...
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Newswire article
Tuesday, October 23, 2018
Oversight Board Reviews New Fiscal Plan for Puerto Rico
Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today. The Financial Oversight and Management Board for Puerto Rico was appointed through an act of Congress in 2016 to bring balanced budgets to the US territory wrestling...
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Newswire article
Friday, October 12, 2018
IMF and World Bank Warn of Financial Crisis as Indonesian Currency Hits Asian Crisis Low
W orld leaders, finance ministers, heads of banks and nongovernmental organizations begin the Annual IMF and World Bank Meetings held this year in Indonesia. Ahead of the meetings the IMF issued stark warnings that another global financial crisis could be on the horizon. As the meetings kickoff,...
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