The Week in Review
House leaders from both parties successfully shepherded a revised bill (H.R. 5278) addressing the Puerto Rico debt crisis through the lower chamber, putting the legislation on track to be on the president’s desk before a July 1 deadline for the island territory’s next debt payment. The measure, which was approved on a 297-127 vote on Thursday, would create a seven-member board to help manage the Puerto Rico’s debt restructuring and fiscal policy. While the White House has urged Senate leaders to quickly advance the bill, Senate Majority Leader Mitch McConnell (R-KY) has not yet scheduled its consideration in the upper chamber.