Republicans Struggle to Meet Own Deadline on Puerto Rico Bill
- Debt restructuring may be included, but conservatives resist
- Speaker Paul Ryan wanted debt crisis response by March 31
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House Republicans are struggling to meet Speaker Paul Ryan’s March 31 deadline to come up with a solution for Puerto Rico’s $70 billion debt crisis, as House conservatives continue to resist provisions that resemble a federal bailout.
Representative Rob Bishop of Utah, who is leading the effort to write a bill as chairman of the Natural Resources Committee, says he wants to establish a muscular federal board to oversee the island territory’s deficit-cutting efforts.