House panel near unveiling new Puerto Rico debt bill

A woman carries bags while walking in a commercial area with stores either closed or offered for sale in San JuanLegislation to help Puerto Rico deal with its $72 billion debt crisis “is being finalized” by a U.S. Congress committee following negotiations with the Treasury Department, House Speaker Paul Ryan’s office said on Tuesday. The House Natural Resources Committee has been struggling to write a bill restructuring Puerto Rico’s debt. There has been speculation that it could try to unveil a new bill, after a previous one sputtered, when Congress returns next week from a recess.

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