Markets July 1, 2016 President Obama signs Puerto Rico rescue bill Posted By: Admin bill, Obama, president, Puerto, rescue, Rico, signs Puerto Rico is deep in debt Puerto Rico is getting a lifeline from Washington D.C. On Thursday, President Obama signed a bill known as PROMESA (Spanish for “promise”) to help Puerto Rico get out of its massive economic crisis. Let’s block ads! (Why?) Latest stock market news from Wall Street – CNNMoney.com