Congress Will Help Puerto Rico With Debt Crisis

(SAN JUAN, Puerto Rico) — After months of pleading from Puerto Rico's government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.

Those provisions in the bipartisan measure are aimed at staving off a chaotic wave of defaults on the island's $70 billion public debt.