House committee to hold Puerto Rico hearing Feb. 25

Reuters News
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Posted: Feb 08, 2016 1:38 PM

NEW YORK (Reuters) - The U.S. House Committee on Natural Resources is to hold a hearing on Puerto Rico on Feb. 25, it said in a statement, as Congress tries to come up with a solution for the debt-ridden U.S. territory.

The oversight hearing will be about the U.S. Treasury's analysis of the situation in Puerto Rico, the statement said. The island has around $70 billion of debt and has defaulted on some of its borrowings.

(Reporting by Megan Davies; Editing by Chris Reese)