US House Passes Puerto Rico Debt Relief Bill

Following months of internal wrangling, the U.S. House of Representatives, on Thursday passed legislation creating a federal control board to help Puerto Rico cope with crippling debt that is wreaking havoc throughout the island's economy.

By a vote of 297-127, the House approved the bill, sending it to the Senate for consideration.

Some leading Democratic senators have voiced concerns about provisions, including one that potentially could reduce the minimum wage for young Puerto Ricans.