Juan González on Puerto Rican Debt Bill

Juan González discusses a proposed bill backed by the Obama administration and congressional leaders that would create a new bankruptcy-type process specifically tailored for Puerto Rico. A House committee voted in favor of the Puerto Rico Oversight, Management and Economic Stability Act earlier this week. On the presidential trail, Hillary Clinton has backed the measure, while Bernie Sanders has opposed it. "The bill has provoked a furor among many island residents because it imposes a seven-member oversight board with dictatorial powers that harken back to colonial days, and because it is geared to protecting bondholders and paving the way for massive cuts in the island’s public services," González writes in his column in the New York Daily News.