Congress should give Puerto Rico debt restructuring authority: White House

Reuters News
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Posted: Apr 15, 2016 1:03 PM

WASHINGTON (Reuters) - The U.S. Congress should give Puerto Rico the authority to restructure its debt, the White House said on Friday.

Refusal by Congress to give the island's government authority to deal with its financial challenges makes a future bailout more likely, a White House spokesman told a regular news briefing.

(Reporting by Megan Cassella; Editing by Chizu Nomiyama)