Lew: Urgent Need for Congressional Action on Puerto Rico

The transcript discusses the need for effective restructuring in Puerto Rico, emphasizing the urgency due to the island's current economic and social crises. It highlights the importance of having a process that includes an oversight board and the potential for mandatory restructuring if voluntary agreements fail. The discussion also covers the impact of pension treatment on the economy and the necessity of a sustainable system to balance competing demands. The goal is to enable Puerto Rico to recover and grow, benefiting all stakeholders involved.

What are the main challenges faced by Puerto Rico in terms of economic restructuring?

How does the concept of 'holdouts' affect the restructuring process in Puerto Rico?

What role does the oversight board play in the restructuring plan for Puerto Rico?

Discuss the implications of pension treatment in the context of Puerto Rico's economic crisis.

What are the potential consequences if a sustainable economic system is not established in Puerto Rico?