“We’re not going to let Puerto Rico go off the cliff here,” Sen. Marco Rubio (R-Fla.) said Monday. The bill — the Puerto Rico Oversight, Management, and Economic Stability Act, or PROMESA — passed the House earlier this month, and President Obama has indicated he will sign it. The risks of Puerto Rico descending into chaos are very real, and the alternative is action. “But I’m going to vote for passage of this bill because we must help Puerto Rico before July 1st. Two key supporters of the legislation — Treasury Secretary Jack Lew and Puerto Rico Gov.

Source: Washington Post June 29, 2016 10:05 UTC