Top Republican and Democratic House leadership staff are gathering with policy aides and Treasury Department officials to talk over next steps on the stalled Puerto Rico rescue bill, Politico reported today.
Puerto Rico in Distress
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The peak of Puerto Rico’s mountain of debt is obscured in the clouds of unaudited financial statements, but what we can see looks nearly impossible to scale, according to a commentary today by Rep. Bruce Westerman (R-Ark.) in the Washington Post.
Puerto Rico bondholders are lining up on different sides of the battle in Congress over legislation to rescue the island from financial collapse as lawmakers rewrite the bill in an effort to overcome opposition from Democrats and Republicans, Bloomberg News reported today.
Speaker Paul Ryan and top House Democrat Nancy Pelosi said Thursday they expect to be able to work out their differences on a bill to help address Puerto Rico’s debt crisis, but Ryan’s bigger challenge may be getting enough fellow Republicans to go along with the plan, Bloomberg News reported yesterday.