Obama vows to move quickly to sign Puerto Rico bill
President Barack Obama is vowing to move quickly to sign a last-minute rescue package for the financially-strapped U.S. territory and its 3.5 million Americans.
Puerto Rico rescue package survives Senate vote, two days before default
The White House-backed measure would create a control board that would oversee the U.S. territory's finances and could supervise some debt restructuring. Senators voted 68-32 to advance the bill to a final vote.
Days before deadline, Senate to consider Puerto Rico rescue package
Treasury Secretary Jacob Lew is warning of widespread consequences, from layoffs of police officers to a hospital closure, if the Senate fails to act before Friday on a rescue package for debt-stricken Puerto Rico.
Obama urges Senate to pass Puerto Rico aid bill quickly
President Barack Obama is urging the Senate to swiftly send him a bill to help Puerto Rico manage its staggering debt crisis.
Help for debt-stricken Puerto Rico may be just weeks away as a strong House vote bolstered prospects in the Senate for a rescue package to ease the U.S. territory's crippling $70 billion debt.
LOS ANGELES — Democratic presidential candidate Bernie Sanders is breaking with the Obama administration and House lawmakers over a plan to restructure Puerto Rico's $70 billion in debt.
House Republicans and Democrats reached a rare, election-year deal with the White House to try to rescue Puerto Rico from $70 billion in debt as millions of Americans in the cash-strapped U.S. territory struggle with the loss of basic services.
SAN JUAN, Puerto Rico — Democratic presidential candidate Bernie Sanders warned of a humanitarian crisis in Puerto Rico Monday, calling on the U.S. government to support a debt restructure in the territory.
House Republicans have missed a self-imposed deadline for a plan to help Puerto Rico manage $70 billion in debt.
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