A look at House bill to help Puerto Rico with $70B debt

AZ Central: WASHINGTON (AP) -- The House is slated to vote Thursday on legislation that would help rescue Puerto Rico from its $70 billion debt. Some of the provisions in the bill:

CONTROL BOARD: A seven-member board appointed by Congress and the president would help Puerto Rico get its finances in order, similar to a board that helped guide the District of Columbia through a fiscal crisis two decades ago. The territory's government would have to create a fiscal plan and submit budgets to the board. In some cases, the board could override the territorial government.

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