Puerto Rico legislative solution nears, House hearings due

By Megan Davies NEW YORK (Reuters) – A legislative solution for Puerto Rico may be edging closer as the debt-ridden U.S. territory will be the subject of two congressional hearings on Thursday, following which legislation to try and find a fix for the island is expected to be drawn up. Puerto Rico, with $70 billion debt, wants access to a bankruptcy-like mechanism to reduce debt – a view supported by President Barack Obama’s administration and some Congressional Democrats. There have been a series of hearings on Puerto Rico in recent months in both the U.S. House of Representatives and the Senate.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 2 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published.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