Obama urges Senate to pass Puerto Rico aid bill quickly
WASHINGTON - President Barack Obama is urging the Senate to swiftly send him a bill to help Puerto Rico manage its staggering debt crisis.
In his weekly Saturday address, Obama says a pending bipartisan bill is not a perfect solution. But he says it's the only option to keep the U.S. territory from spiraling out of control.
The House bolstered prospects for Senate passage by voting overwhelmingly Thursday in favor of a rescue package to ease the island's $70 billion debt.
Puerto Rico owes its creditors $2 billion payment by July 1.
Obama says only Congress can give Puerto Rico the tools it currently lacks to restructure its debt and find a sustainable path toward economic growth and opportunity for its people.
He notes that Puerto Rico's residents are U.S. citizens.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Baton Rouge barber shop broken into for second time in two weeks
Silence from the Livingston Parish sheriff after detectives botched sex crimes case...
After backlash from lawmakers, former State Police leader turns over personal journal...
Hurricane Ida damage still evident on a golf course in Lower Livingston...
Restaurant worker on the run after gunfight in parking lot of Ascension...
Southern baseball walks off Jackson State in SWAC Tournament
Southern baseball wins game one 21-2 over Alcorn
VIDEO: Former Saints and Tiger Devery Henderson talks about the difference between...
New NCAA rules tweak opens door for more SEC dominance
VIDEO: Devery Henderson Talk about Bluegrass Miracle and the Saints "Rebirth game"