Puerto Rican Debt Bill Moves Forward As All Sides Compromise

As a Puerto Rican debt bill moves forward in Congress, it not only spotlights bi-partisan cooperation but also requests all sides in the deal share in solving the problem.

Solving sovereign debt problems are among the most difficult because the solution – joint sacrifice – requires all involved to accept pain. Thus, when it was announced that a bi-partisan approach to solving Puerto Rico’s sovereign debt problems will but put to a floor vote next week, there were bound to be detractors.

Puerto Rican Debt bill moves forward in the U.S. House

The legislation crafted last night, the Puerto Rico Oversight, Management and...