Breaking news: Puerto Rico’s Debt Crisis Addressed in Bipartisan Bill

After weeks of negotiations, House Republicans have drawn a road map to lead Puerto Rico out of its financial quagmire, with support from the Obama administration… A bill introduced shortly before midnight on Wednesday would put Puerto Rico’s fiscal affairs under direct federal control and establish a legal framework for reducing its $72 billion load of debt…. The House bill would not change Puerto Rico’s exclusion, but instead would give Puerto Rico and other United States territories a set of rules for reducing their debts outside of bankruptcy.

See the article here: Puerto Rico’s Debt Crisis Addressed in Bipartisan Bill

What do we think of this solution? Have you come across any analysis yet?

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