SUNSHINE STATE POLITICS: House Passes Bill to Help Ease Puerto Rico’s Debt

The House on Thursday overwhelmingly passed a rescue package for debt-stricken Puerto Rico, clearing a major hurdle in the ongoing effort to bring relief to the U.S. territory of 3.5 million Americans. The strong bipartisan vote was 297-127 for the legislation that would create a financial control board and allow restructuring of some of Puerto Rico’s $70 billion debt. The measure now heads to the Senate, just three weeks before the territory must make a $2 billion payment.

Read full article here: http://abcnews.go.com/Politics/wireStory/debt-payment-looming-house-weighs-puerto-rico-bill-39718710

Leave a Reply

Your email address will not be published. Required fields are marked *