McConnell tees up Wednesday vote on Puerto Rico rescue

The United States Senate will vote on PROMESA, the bill meant to address the Puerto Rico debt crisis on Wednesday June 29 according to Politico.

Senate Majority Leader Mitch McConnell on Monday set up votes this week on legislation to rescue Puerto Rico from its financial crisis — teeing up final passage on the measure just one day before the debt-ridden island is poised to default.

McConnell (R-Ky.) filed cloture on the House-passed measure Monday evening, which would set up a procedural vote as early as Wednesday morning. If the measure gets the 60 votes needed to advance, the Senate would be on track to send the bill on Thursday to President Barack Obama for his signature.

“I think it will pass because it’s the only game in town,” said Democratic Sen. Bill Nelson of Florida, whose state has seen an influx of Puerto Ricans fleeing the financially beleaguered island.

While the bill should pass, it could also face obstacles, since Democrats like Bernie Sanders and Robert Menendez have not ruled out a filibuster to stop the bill. In addition, some Republicans still have concerns with the legislation. Tomorrow morning we should find out if it makes its way to President Obama’s desk.