After months of negotiation, Republicans and Democrats in Congress have agreed on a plan to help Puerto Rico deal with its crushing $70 billion debt. It sets up a control board to investigate the U.S. territory’s murky financial picture and restructure its debt payments to creditors.
Read the full article at: http://www.npr.org/2016/05/19/478729095/congress-agrees-on-plan-to-help-puerto-rico-restructure-70-billion-debt