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Puerto Rico debt relief bill clears House hurdle
Source: Reuters
Markets | Thu Jun 9, 2016 3:33pm EDT
Puerto Rico debt relief bill clears House hurdle
The U.S. House of Representatives on Thursday voted to allow debate of a Puerto Rico debt relief bill to go forward, likely clearing the way for passage of the measure later in the day.
By a vote of 241-178, the House passed rules for debating legislation to help the U.S. territory deal with a $70 billion debt crisis through the creation of a federal oversight board.
(Reporting By Richard Cowan; Editing by Tom Brown)
Puerto Rico debt relief bill clears House hurdle
The U.S. House of Representatives on Thursday voted to allow debate of a Puerto Rico debt relief bill to go forward, likely clearing the way for passage of the measure later in the day.
By a vote of 241-178, the House passed rules for debating legislation to help the U.S. territory deal with a $70 billion debt crisis through the creation of a federal oversight board.
(Reporting By Richard Cowan; Editing by Tom Brown)
http://www.reuters.com/article/us-puertorico-debt-house-idUSKCN0YV2CL