Pedro Pierluisi

House passes bill to help ease Puerto Rico's debt

House passes bill to help ease Puerto Rico's debt

The House on Thursday overwhelmingly passed a rescue package for debt-stricken Puerto Rico, clearing a major hurdle in the ongoing effort to bring relief to the U.S. territory of 3.5 million Americans.

The bipartisan vote was 297 to 127 for the legislation that would create a financial control board and allow restructuring of some of Puerto Rico's $70-billion debt. The measure heads to the Senate just three weeks before the territory must make a $2-billion payment.

In a rare display of bipartisanship, the bill had the strong support of President Obama, House Speaker Paul D. Ryan and Minority Leader Nancy Pelosi.

"The Puerto Rican people...

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