Lew Urges Congress to Act to Solve Puerto Rico Debt Crisis

  • Solution must put restructuring in place: Treasury secretary
  • Says island's debt burden is `in a league of its own'

Treasury's Lew: Puerto Rico Unwinding Poses Risk to Munis

U.S. Treasury Secretary Jacob J. Lew said he is confident a deal can be reached to solve Puerto Rico’s debt woes, urging Congress to take action soon as schools and hospitals on the island scale back services.

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