President Barack Obama is urging the Senate to swiftly send him a bill to help Puerto Rico manage its staggering debt crisis.
In his weekly Saturday address, Obama says a pending bipartisan bill is not a perfect solution. But he says it's the only option to keep the U...
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.
House Democratic leader Nancy Pelosi says a Republican plan to create an oversight board for Puerto Rico would exert "undue and undemocratic control" over the U.S. territory, echoing complaints from the island's leaders as they struggle with $70 billion in debt.