WASHINGTON — The U.S. House of Representatives goes on a week-long recess on Saturday without moving on legislation to help Puerto Rico restructure its debt, virtually guaranteeing there will be no congressional action before a $422 million debt payment on May 2nd that the island government says it cannot pay.
“On Monday there’s going to be a non-payment. I don’t think that we’ll find $422 million in the next few days that we haven’t found before,” Puerto Rico Governor Alejandro García Padilla said earlier this week in San Juan. “Although we’re working with the creditors to come up with an agreement that would help us,…
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