Pro-statehooders say Puerto Rico would benefit from becoming a state because it would receive an additional $20 billion a year in federal funds to boost the local economy and fight crime. The island currently has a higher unemployment rate than any U.S. state at 13.6 percent.A status of sovereign free association would give Puerto Rico more autonomy and allow U.S. jurisdiction only in certain judicial matters. The details of the relationship would have to be agreed upon by the U.S. and Puerto Rican governments.
Puerto Rico Votes On US Ties And Chooses Governor
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts