WASHINGTON, June 9- The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island's economy. The legislation, according to a statement by House Speaker Paul Ryan's office, would "protect American taxpayers, stop...
WASHINGTON, May 25- U.S. lawmakers on Wednesday backed a plan to help Puerto Rico escape crippling debt and expand the economy, a move that could put a rescue before the House of Representatives within days. Under the plan, investors may not sue Puerto Rico while the oversight board does its work, and all the island's creditors could face a loss despite recent...
NEW YORK/ WASHINGTON, May 19- U.S. lawmakers on Thursday began coalescing around revised bipartisan legislation to help address Puerto Rico's unpayable debt burden, which now threatens a full-blown humanitarian crisis. Puerto Rico has already defaulted on some of its roughly $70 billion in debt while trying to cope with a 45 percent poverty rate among its 3.5...
A bill to help aid the fiscally strapped island of Puerto Rico was unveiled late on Wednesday by House Republicans after a month of negotiations.
WASHINGTON, May 19- U.S. House of Representatives Democratic leader Nancy Pelosi said on Thursday that she hopes lawmakers will act quickly to move a bill addressing Puerto Rico's financial crisis through an oversight committee and onto the chamber's floor for a vote. She told reporters that the legislation unveiled late on Wednesday is "a bill that we can...
WASHINGTON/ NEW YORK, May 19- U.S. lawmakers on Thursday began coalescing around revised bipartisan legislation to help address Puerto Rico's unpayable debt burden that now threatens a full-blown humanitarian crisis. Puerto Rico has already defaulted on some of its roughly $70 billion in debt while trying to cope with a 45 percent poverty rate among its 3.5...
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WASHINGTON, May 12- U.S. lawmakers are making progress toward legislation to address Puerto Rico's financial crisis and could produce a bill as early as Thursday, the top House Democrat said. "It was supposed to be filed yesterday; put it off to today. I don't mean right this minute, but the day is young, "House Democratic leader Nancy Pelosi told reporters.
WASHINGTON/ NEW YORK, May 11- Republicans on a U.S. House of Representatives panel said they were making progress on a Puerto Rico debt relief bill that will take the same basic approach as an earlier failed version, despite cancelling plans to unveil new legislation on Wednesday. The House Natural Resources Committee said more time was needed to refine the...
U.S. lawmaker's race to pass a rescue bill to aid Puerto Rico has stalled as a perilous debt deadline approaches for the territory.
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