Puerto Rico Deal Is Only a Small Fix for $70 Billion Debt Crisis
- Utility's tentative accord would be the first restructuring
- Governor says bankruptcy would avoid costly, `chaotic' talks
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Representative Nancy Pelosi, the leader of the House Democrats, took to the chamber’s floor on Friday morning and scorned Congress for not giving Puerto Rico the tools to cut its crippling debt.
Twelve hours earlier in New York, island officials and creditors reached a tentative agreement to begin doing just that.