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Jubilee USA Network
Washington, DC
Building a global economy that serves, protects and promotes the participation of the most vulnerable.
Recent Activity
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By Andrew Hanauer A critical battle is taking place on Puerto Rico in Congress. No matter where in the world you live, faith communities around the globe and across the United States can sign up and Pray with Puerto Rico.... Continue reading
Posted Apr 23, 2016 at The Jubilee Blog
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By Greg Williams Argentina returns to the bond market after 15 years with access to limited international financing. Argentina will use part of the money it raises to pay hold-out funds from the country's 2001 default.‎ Those funds rejected previous... Continue reading
Posted Apr 21, 2016 at The Jubilee Blog
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By Greg Williams As Congress debates legislative solutions for Puerto Rico's financial crisis, new reports indicate that the island's child poverty rate is worse than previously feared and that migration is increasing. Congress delayed legislation to resolve disagreements on its... Continue reading
Posted Apr 19, 2016 at The Jubilee Blog
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By Greg Williams Speaker Paul Ryan is holding a special meeting with Republicans to discuss the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA). ‎The legislation was to be debated on Thursday, but Republican leadership slowed the process down... Continue reading
Posted Apr 18, 2016 at The Jubilee Blog
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By Greg Williams As Congress introduces legislation to address Puerto Rico's financial crisis, San Juan's Catholic Archbishop is inviting prayers that all "work together to find a solution to the crisis that respects the rights and dignity of all sides."... Continue reading
Posted Apr 13, 2016 at The Jubilee Blog
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By Greg Williams More than 11 million leaked documents from a major Panama-based "off-shore" law firm reveal how the global financial system enables corruption and tax evasion. The "Panama Papers" highlight the role that anonymously formed companies play in facilitating... Continue reading
Posted Apr 4, 2016 at The Jubilee Blog
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By Greg Williams The House Committee on Natural Resources released draft legislation to address Puerto Rico's debt crisis. The "Puerto Rico Oversight, Management, and Economic Stability Act" (PROMESA) creates a board to oversee Puerto Rico's finances and restructure its debt.... Continue reading
Posted Mar 30, 2016 at The Jubilee Blog
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By Greg Williams A new report by the Center for Responsible Lending says “payday” lending fees cost Florida residents $2.5 billion over the past decade. “Payday” lending refers to high-interest loans made primarily to low-income residents that gives the lenders... Continue reading
Posted Mar 25, 2016 at The Jubilee Blog
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By Greg Williams The US Supreme Court hears arguments on whether Puerto Rico's courts can restructure about $20 billion of the US territory's $72 billion debt. Puerto Rico's legislature passed the 2014 "Recovery Act" which empowers the island's courts to... Continue reading
Posted Mar 24, 2016 at The Jubilee Blog
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By Greg Williams Argentina's lower house of Congress voted 165-86 to repeal two laws that blocked the country from settling its decade-long debt dispute with a group of "hold-out" investors. A US judge approved the $4.65 billion agreement on March... Continue reading
Posted Mar 16, 2016 at The Jubilee Blog
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By Greg Williams A religious development organization is running radio spots focused on resolving Puerto Rico's debt crisis on 238 stations across Florida. The ads air in Spanish and English continuously ahead of the state's March 15th presidential primary. More... Continue reading
Posted Mar 11, 2016 at The Jubilee Blog
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By Greg Williams Jubilee USA is running radio spots focused on Puerto Rico's debt crisis in Florida ahead of the state's March 15th presidential primary. The ads first ran in Texas ahead of the state's "Super Tuesday" primary. The radio... Continue reading
Posted Mar 4, 2016 at The Jubilee Blog
Friends - Ahead of Super Tuesday, Jubilee USA launched Puerto Rico focused radio ads in the critical presidential primary state of Texas. Listen to our Puerto Rico radio ads urging presidential candidates to act on the economic and humanitarian crisis.... Continue reading
Posted Mar 1, 2016 at The Jubilee Blog
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By Greg Williams The religious development coalition Jubilee USA is launching radio spots focused on Puerto Rico's debt crisis ahead of "Super Tuesday" presidential primary elections. The radio placements will air on 125 stations in the "make or break" state... Continue reading
Posted Feb 29, 2016 at The Jubilee Blog
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By Greg Williams US District Judge Thomas Griesa agreed to lift injunctions on Argentina that could pave the way to ending the country's decade-long debt dispute with "hold-out" hedge funds. The ruling allows Argentina to repay investors who accepted past... Continue reading
Posted Feb 22, 2016 at The Jubilee Blog
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By Greg Williams Former South African President Thabo Mbeki visits the United States February 16-19 to raise awareness on how the developing world loses money to corruption. Mbeki will focus specifically on the flow of illicit money out of Africa... Continue reading
Posted Feb 17, 2016 at The Jubilee Blog
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Puerto Rico's House of Representatives approved legislation to reform its highly indebted public utility company "PREPA." The utility company's investors want the reform package before they approve a debt restructuring deal that includes a 15 percent cut in repayments. The... Continue reading
Posted Feb 16, 2016 at The Jubilee Blog
Friends, Puerto Rico's humanitarian crisis is worsening and there are two important ways you can act. Last week, our executive director Eric LeCompte testified before Congress on the human impact of Puerto Rico's debt crisis and urged Congress to act... Continue reading
Posted Feb 14, 2016 at The Jubilee Blog
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US District Judge Thomas Griesa ordered "hold-out" investors on Thursday to explain why various sanctions on Argentina should not be lifted. The court order comes in light of Argentina proposing a $6.5 billion settlement to the groups popularly known as... Continue reading
Posted Feb 12, 2016 at The Jubilee Blog
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Washington DC - Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) announced legislation to stop criminals from using US-based "anonymous shell companies" to launder money. Senator Sheldon Whitehouse is expected to join the Representatives in introducing the Incorporation Transparency and... Continue reading
Posted Feb 3, 2016 at The Jubilee Blog
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The US House of Representatives held its second hearing on Puerto Rico's debt crisis this year. The hearing focused on potential legislative solutions including bankruptcy protection and an economic oversight board. At the hearing, Puerto Rico Congressperson Pedro Pierluisi announced... Continue reading
Posted Feb 2, 2016 at The Jubilee Blog
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Washington DC - Puerto Rico's Government Development Bank is meeting with investors in New York to share new details around a bond exchange first proposed by the indebted island last year. The proposal is not being made public but sources... Continue reading
Posted Jan 29, 2016 at The Jubilee Blog
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Puerto Rico's government continues to cut public services as the economic crisis worsens. The Government Development Bank announced this week that the island's budget gap is $2 billion higher than expected. The prison system in Puerto Rico can no longer... Continue reading
Posted Jan 21, 2016 at The Jubilee Blog
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Republican Presidential candidate Donald Trump criticized the practice of corporations moving their headquarters overseas in name only to avoid US taxes during the presidential debate in South Carolina. Trump called these corporate "inversions" "one of the biggest problems" facing the... Continue reading
Posted Jan 16, 2016 at The Jubilee Blog
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By Greg Williams Argentina's new government begins negotiations in New York with groups that sued the country for more than $1 billion after the country defaulted on its debt in 2001. President Mauricio Macri took office in December and announced... Continue reading
Posted Jan 13, 2016 at The Jubilee Blog