Senate Rushed To Pass Bipartisan Puerto Rico Legislation

In the wake of the US House passing a bi-partisan bill addressing Puerto Rico’s debt issues, eyes turn to the Senate. This is where a rush to finalize a deal still involves negotiation, but Senators are required to cram on this exam as issue divisions are drawn and a July 1 vote deadline approaches. In this environment of “Budget Madness,” a June 16 Height report under the same title notes that bondholders could receive “higher-than expected payouts” as political patronage is addressed. Political leadership in Puerto Rico having issues with control of patronage spending On April 15, ValueWalk first reported the…