White House calls for 'common sense steps' to help Puerto Rico
The White House on Thursday called for "common sense steps" to help Puerto Rico claw out of its fiscal crisis as it welcomed a commitment by the leader of the U.S. House of Representatives to consider legislation to help the debt-strapped commonwealth.
"We certainly are gratified that the speaker has committed to bringing up legislation early in the new year to give Puerto Rico access to an orderly restructuring regime," White House spokesman Josh Earnest told reporters.
House Speaker Paul Ryan said on Wednesday he had instructed committees to work with Puerto Rico's government to come up with a solution to the island's financial woes, calling for a plan to be crafted by the end of March.
White House calls for 'common sense steps' to help Puerto Rico
"We certainly are gratified that the speaker has committed to bringing up legislation early in the new year to give Puerto Rico access to an orderly restructuring regime," White House spokesman Josh Earnest told reporters.
House Speaker Paul Ryan said on Wednesday he had instructed committees to work with Puerto Rico's government to come up with a solution to the island's financial woes, calling for a plan to be crafted by the end of March.
Alvin Baez | Reuters
White House calls for 'common sense steps' to help Puerto Rico
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