Puerto Rico

On November 20th, 2013 the United States decided to go to Puerto Rico to help them in their economic crisis.  They are bracing for their 8th year of recession.  They will be sending people from the departments of education, health, human services, housing, urban development, and the environmental protection agency.  In December they will travel their to find a way to maximize their federal funds.  Bill Clinton created the force in 2000 but Barack Obama expanded the scope to make recommendations on areas that needed specific help.  The force includes people form every cabinet.  The formation follows that Washington might begin to help the Caribbean territory, right now they struggle under a $69 billion debt and a 13.9 percent unemployment rate.  And their obligation bonds have been hovering over near junk status.  Puerto Rico's banks said they would cut bond sales after investors pushed a yield on the bonds above 10 percent.  The US will work with them to get joint economic goals.

Economy Perked up this Summer

In the article "Economy Perked up this Summer" written by Annalyn Kurtz on November 7th, 2013 obviously talks about the economy doing better.  The economic activity rose 2.8% in the third quarter., the strongest growth in a year.  Business built up their inventories while the consumers spending increased along with the real estate.  The federal budget held back the growth for fourth quarter.  State and local governments ramped up their spending enough to compensate for federal cuts.  They say it does not reflect the government shut down from what they have seen.  The economy is trying to run more fast paced but things keep coming up.  The 2.8% is still not enough to bring down the unemployment number enough.  They hope for about a 3% rate each year to somewhat bring down the unemployment rate.  At the end of September 11.3 million people said they could not find work, a 7.2% unemployment rate.

http://money.cnn.com/2013/11/07/news/economy/gdp-summer/index.html?iid=SF_E_Lead