Puerto Rico Debt Crisis: Republicans Introduce Bill To Help Manage US Territory’s Financial Obligations

Story updated at 10:55 a.m. EDT:

U.S. lawmakers have found a compromise to address Puerto Rico's debt crisis with legislation that includes a workable restructuring process and other provisions, U.S. House Democratic Leader Nancy Pelosi said in a statement on Thursday.

"We will do our part to act expeditiously in providing President Obama with a list of qualified candidates for appointment to the oversight board," Pelosi added.

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