Senate Plans Puerto Rico Debate With Passage by July 1 Uncertain
- Republicans say quick approval requires Democrats to cooperate
- Democratic leaders demanding votes on several amendments
A Puerto Rican Flag flies in Old San Juan, Puerto Rico, on Tuesday, Aug. 18, 2015.
Photographer: Derick E. Hingle/BloombergThis article is for subscribers only.
Senate leaders plan to debate Puerto Rico debt legislation next week, but it’s unclear whether the measure will be sent to President Barack Obama before the island’s next debt payment deadline on July 1.
It will “require some cooperation” from Democrats to move the bill before Puerto Rico is expected to default on some of the $2 billion in principal and interest on debt payments, said John Cornyn of Texas, the No. 2 Republican in the Senate. The measure was passed by the House on June 9.