U.S. not contemplating a federal bailout of Puerto Rico: White House

U.S. not contemplating a federal bailout of Puerto Rico: White House

ALVIN BAEZ

White House spokesman Josh Earnest said federal officials are, however, committed to working with the island.

Puerto Rico is struggling with $73 billion in debt and a report released by former IMF staffers on Sunday proposed debt restructuring and tough austerity measures.

(Reporting by Lindsay Dunsmuir; Editing by Bill Trott)

TOP READS FROM THE FISCAL TIMES