Congress Agrees On Plan To Help Puerto Rico Restructure $70 Billion Debt – NPR

After months of negotiation, Republicans and Democrats in Congress have agreed on a plan to help Puerto Rico deal with its crushing $70 billion debt. It sets up a control board to investigate the U.S. territory’s murky financial picture and restructure its debt payments to creditors. Read the full article at: http://www.npr.org/2016/05/19/478729095/congress-agrees-on-plan-to-help-puerto-rico-restructure-70-billion-debt

Puerto Rico Debt Crisis: Republicans Introduce Bill To Help Manage US Territory’s Financial Obligations – International Business Times

House Republicans have introduced long-awaited legislation to help Puerto Rico manage its deepening debt crisis. A revised bill was introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring, the Associated Press reported. House Natural Resources Committee Chairman Rob Bishop said Wednesday that decisions…