Apr
12

Bill to Ease Puerto Rico Debt Crisis Introduced in House

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Legislation to help Puerto Rico restructure its $72 billion in debt was introduced in the House of Representatives on Tuesday, as members sought to address the island’s financial crisis quickly without setting a precedent that troubled states might try to follow.

The text of the bill showed numerous revisions written in by hand, suggesting that lawmakers had engaged in last-minute efforts to balance competing interests. For months, Democrats have been calling on Congress to help Puerto Rico, warning of a humanitarian crisis, while many Republicans have expressed discomfort over any measure that might be seen as a taxpayer bailout…

Bill to Ease Puerto Rico Debt Crisis Introduced in House

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