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Senate Passes Bill to Create Control Board to Run Puerto Rico Economy | Democracy Now!

1.7.16

Senate Passes Bill to Create Control Board to Run Puerto Rico Economy | Democracy Now!: The U.S. Senate has passed the so-called PROMESA bill, which will establish a federally appointed control board with sweeping powers to run Puerto Rico’s economy. While the bill’s supporters say the bill will help the island cope with its crippling debt crisis, it has also been widely criticized as a means of removing democratic control from the citizens of Puerto Rico. The Senate’s 68-30 vote comes two days before Puerto Rico is expected to default on a more than $2 billion debt payment. New Jersey Senator Bob Menendez led the opposition to the bill.

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