Puerto Rico's Likely Default May 1 Not Fazing House Republicans - Bloomberg Politics
Ahead of a one-week recess, House Republicans are showing little urgency to act on a bill to help Puerto Rico deal with its debt crisis as the island hurtles toward a potential default Sunday on a $422 million payment. "They got into this mess over the years. I don’t think we need to add to their bad decisions," said Representative Raul Labrador of Idaho, a Republican who was born in Puerto Rico. "I think we have to do this bill right." Labrador is a member of the House Natural Resources Committee, which is working on legislation to aid the island. The territory could still strike a last-minute deal to defer the payments due in three days, but Puerto Rico will likely default on some or all of the debt payments coming due on May 1. Democrats and the White House continue to blast the Republicans for not acting faster. "Some people get accused of being mañana people," said Representative Raul Grijalva of Arizona, the top Democrat on the Natural Resource...