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House panel delivers Puerto Rico crisis bill, debt looms

A protester holding a Puerto Rico's flag takes part in a march to improve healthcare benefits in San Juan, Puerto Rico, November 5, 2015.

U.S. lawmakers on Thursday began coalescing around revised bipartisan legislation to help address Puerto Rico's unpayable debt burden that now threatens a full-blown humanitarian crisis.

Released close to midnight on Thursday, the House Natural Resources Committee's revised bill includes a strong oversight board to direct how and when the island pays its bills and leaves many provisions of earlier proposals in place.

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