With debt payment looming, House weighs Puerto Rico bill

WASHINGTON (AP) — House Republican leaders and President Barack Obama pressured lawmakers in both parties to back legislation to help ease Puerto Rico's financial crisis as the U.S. territory faces a $2 billion debt payment in just over three weeks. The House was scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of Puerto Rico's $70 billion debt. Republican and Democratic leaders support it, as does the Obama administration, but it fac

WASHINGTON (AP) — House Republican leaders and President Barack Obama pressured lawmakers in both parties to back legislation to help ease Puerto Rico's financial crisis as the U.S. territory faces a $2 billion debt payment in just over three weeks. The House was scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of Puerto Rico's $70 billion debt. Republican and Democratic leaders support it, as does the Obama administration, but it fac…