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Chuck Grassley

Congress clears Puerto Rico rescue bill, sends to president

Congress delivered relief to debt-stricken Puerto Rico on Wednesday, sending President Barack Obama a last-minute financial rescue package to help the U.S. territory of 3.5 million Americans.

The Senate passed the bill on a bipartisan 68-30 vote, three weeks after the House overwhelmingly backed the measure. The vote came two days before the island is supposed to make a $2 billion payment to creditors.

Puerto Rico is in a decade-long recession and has $70 billion in debt. Thousands have fled the territory for the U.S. mainland. Businesses on the island have closed, schools have struggled with limited electricity and hospitals have asked for cash payment in advance for some...

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