HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Politics & Government » Congress (Group) » House GOP Misses Self-Imp...

Fri May 13, 2016, 03:07 PM

House GOP Misses Self-Imposed Deadline to Help Puerto Rico

Source: Associated Press

House GOP Misses Self-Imposed Deadline to Help Puerto Rico

WASHINGTON May 13, 2016, 4:00 PM ET

House Republicans have missed a self-imposed deadline for a plan to help Puerto Rico manage $70 billion in debt, adjourning on Friday without introducing a bill.

Legislation was expected this week to create a control board to manage the territory's financial obligations and oversee debt restructuring. It would have been the third version of the House bill, which has come under fire from conservatives worried it would set a precedent for financially ailing states. And Democrats are worried the control board would be too powerful.

In an interview Friday with C-SPAN's "Newsmakers," House Natural Resources Committee Chairman Rob Bishop said negotiations continue and that legislation is expected soon. He says lawmakers have "one shot" at getting it right


0 replies, 560 views

Reply to this thread

Back to top Alert abuse

Reply to this thread