Biden to announce $60M to bolster flood protections in Puerto Rico

Biden to announce $60M to bolster flood protections in Puerto Rico-politico:  President Joe Biden will visit the hard-hit Ponce region of Puerto Rico on Monday and announce more than $60 million in funds from the bipartisan infrastructure law to build up the island’s defenses against future storms.

Fiona’s outages rekindle anger over Puerto Rico’s privatized electric grid

Fiona’s outages rekindle anger over Puerto Rico’s privatized electric grid-politico:  Puerto Rico residents’ anger and frustration at the state of their crumbling electric grid was building long before Hurricane Fiona triggered an island-wide blackout Sunday.

After the storms, restoring Puerto Rico’s already weak electrical grid is FDA’s top priority

After the storms, restoring Puerto Rico’s already weak electrical grid is FDA’s top priority-stat: The Food and Drug Administration’s biggest concern in Puerto Rico is access to electricity, Commissioner Scott Gottlieb said at a congressional hearing Tuesday morning.

Obama signs Puerto Rico debt bill

Obama signs Puerto Rico debt bill-thehill: President Obama on Thursday signed a massive rescue package to address Puerto Rico’s debt crisis — just one day before the island must make a $2 billion payment.

Senate growing impatient for Puerto Rico bill

Senate growing impatient for Puerto Rico bill-thehill: Senators are growing impatient with the House’s prolonged effort to pass legislation on Puerto Rico’s debt crisis.

The Coming Week: Trumpmania Hits the Hill, Puerto Rico Bill on Tap

The Coming Week: Trumpmania Hits the Hill, Puerto Rico Bill on Tap-morningconsult: Trumpmania will hit Capitol Hill with a thud this week, as Republican lawmakers returning from a weeklong recess grapple with whether they should publicly back the controversial bombast.

Congress says no Puerto Rico bailout, but tax deal beat it to the punch

Congress says no Puerto Rico bailout, but tax deal beat it to the punch-politico: Lawmakers say they absolutely, positively will not bail out Puerto Rico, but here’s the thing: The federal government already is bailing out Puerto Rico.

New Puerto Rico Bill Slated for Wednesday Rollout

New Puerto Rico Bill Slated for Wednesday Rollout-morningconsult: Lawmakers are planning to roll out a new bill to help Puerto Rico restructure its debt on Wednesday, Morning Consult has learned.  According to a committee aide, the new language will be introduced under a new bill number. The current plan is to have Rep. Sean Duffy (R-Wis.) remain the bill’s lead sponsor. He sponsors the current bill, H.R. 4900.

What we do in Puerto Rico sets a precedent, like it or not

What we do in Puerto Rico sets a precedent, like it or not-thehill: The argument that setting aside Puerto Rico's constitutional guarantee to their general obligation bondholders will not spill over to impact the broader municipal bond market — one that the U.S. Treasury has enthusiastically propounded — seems to be predicated solely on the notion that a territory is unlike a state and that whatever legislation Congress passes will be sui generis, with no relevance to the rest of the country. Or, at least this is what most investors will assume.

Pelosi’s big Puerto Rico problem

Pelosi’s big Puerto Rico problem-thehill: House Minority Leader Nancy Pelosi is holding her fire on Republicans when it comes to Puerto Rico.

Puerto Rico skips bond payments, says Congress must help

Puerto Rico skips bond payments, says Congress must help-AP: A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn't help it dig out from a mountain of debt.

McCarthy ‘Hopeful’ House Will Pass Puerto Rico Bill by July 1

McCarthy ‘Hopeful’ House Will Pass Puerto Rico Bill by July 1-bloomberg: The No. 2 Republican in the U.S. House conceded Tuesday that Congress will miss one deadline for action on a bill to address Puerto Rico’s debt woes, and he didn’t commit to acting before an even more critical July 1 payment the island must make.

Puerto Rico Debate Splits GOP Over ‘Bailout’ Definition

Puerto Rico Debate Splits GOP Over ‘Bailout’ Definition-morningconsult: For years, congressional Republicans have wrestled with divisions relating to economic issues. The debt crisis in Puerto Rico is proving to be case in point. Like the heartburn that engulfed GOP leaders during the debate about to raising the national debt ceiling, the efforts to avert a Puerto Rico default are raising questions about what constitutes a “bailout.”

This week: Congress on track to miss Puerto Rico deadline

This week: Congress on track to miss Puerto Rico deadline-thehill: Congress appears likely to leave town at the end of this week for a recess without taking action to help Puerto Rico with its debt crisis.

Congress braces for fallout from Puerto Rico default

Congress braces for fallout from Puerto Rico default-thehill: Lawmakers are wondering what sort of turmoil they can expect in financial markets on May 1, when Puerto Rico says it will default on nearly $500 million in debt payments.

Puerto Rico Aid Talks Continue With No End in Sight

Puerto Rico Aid Talks Continue With No End in Sight-morningconsult: Work continued in the House Wednesday to come up with new language to address the debt crisis in Puerto Rico. But it isn’t clear that members are any closer to an agreement.

Senator Hatch raps House's Puerto Rico debt bill

Senator Hatch raps House's Puerto Rico debt bill-reuters: A high-ranking Republican senator on Tuesday dismissed as "not satisfactory" draft legislation aimed at addressing Puerto Rico's fiscal crisis before a looming debt default on May 1, deepening intraparty divisions on the complex rescue effort.

Puerto Rico default bill on life support

Puerto Rico default bill on life support-politico: A Republican compromise with the Obama administration to ease Puerto Rico’s debt crisis unraveled on Friday as a divided GOP conference forced leaders back to the drawing board.

Ryan calls House GOP meeting on Puerto Rico debt

Ryan calls House GOP meeting on Puerto Rico debt-thehill: Speaker Paul Ryan (R-Wis.) will try to sell fellow Republicans on a bill to help Puerto Rico deal with its debt crisis at a special meeting Friday.

Bid to Ease Puerto Rico Debt Crisis Draws Flack in House

Bid to Ease Puerto Rico Debt Crisis Draws Flack in House-rollcall: After months of working on legislation to help Puerto Rico dig out of its ongoing financial crisis, a House panel produced a bill that is drawing criticism from Republicans and Democrats alike.