Post by Logan on Apr 13, 2016 21:31:09 GMT -6
WASHINGTON (AP) — House Republicans on Wednesday abruptly canceled a committee vote on a plan to help Puerto Rico deal with its $70 billion debt in the face of conservative opposition.
A vote on the bill establishing a control board had been scheduled for Thursday with a sense of urgency, as Puerto Rico faces a deadline for a multimillion-dollar bond payment next month. The government has said it will likely default, which would mark the first time Puerto Rico would default on general obligation bonds protected by the island's constitution.
A spokeswoman for the House Natural Resources Committee said Thursday's meeting has been canceled and has not yet been rescheduled.
Committee Chairman Rob Bishop, R-Utah, said there was still uncertainty in both parties and the administration was still pushing for changes.
Read more: www.starherald.com/news/nation_world/house-gop-abruptly-cancels-vote-on-package-for-puerto-rico/article_6b612287-ddb1-54be-9d96-1b6726eb7569.html
A vote on the bill establishing a control board had been scheduled for Thursday with a sense of urgency, as Puerto Rico faces a deadline for a multimillion-dollar bond payment next month. The government has said it will likely default, which would mark the first time Puerto Rico would default on general obligation bonds protected by the island's constitution.
A spokeswoman for the House Natural Resources Committee said Thursday's meeting has been canceled and has not yet been rescheduled.
Committee Chairman Rob Bishop, R-Utah, said there was still uncertainty in both parties and the administration was still pushing for changes.
Read more: www.starherald.com/news/nation_world/house-gop-abruptly-cancels-vote-on-package-for-puerto-rico/article_6b612287-ddb1-54be-9d96-1b6726eb7569.html