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House Bipartisan Deal to Help Puerto Rico With $70B Debt

In a breakthrough, House Republicans and Democrats have struck a deal with the White House to help rescue Puerto Rico from $70 billion in debt. A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory's financial obligations and oversee some debt restructuring. The legislation came after weeks of negotiations. House Speaker Paul Ryan, House Democratic Leader Nancy Pelosi and Treasury Secretary Jacob Lew all expressed support for the...

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