After months of pleading from Puerto Rico’s government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.
Those provisions in the bipartisan measure are aimed at staving off a chaotic wave of defaults on the island’s $70 billion public debt. But they stoked some anger Thursday in Puerto Rico, where people have endured a decade of a steadily worsening economy and many resent the uneven relationship with the U.S. mainland.
Yet the deal brought relief to others, who feel it could help Puerto Ricans rebuild the econ…
Read the full article at: http://abcnews.go.com/International/wireStory/relief-anger-puerto-rico-congress-acts-debt-39244686
