GLOBAL ECONOMY

Paul Ryan says he wants 'responsible solution' on Puerto Rico debt crisis

House Speaker Paul Ryan of Wis. meets with reporters on Capitol Hill in Washington, Wednesday, Dec. 16, 2015, as lawmakers work to complete end-of-the-year business and pass a comprehensive spending bill. Congressional leaders are preparing to push a Christmas compromise on tax cuts and spending through the House and Senate by week's end after Republicans and Democrats reached agreement on a legislative package extending dozens of tax breaks for businesses and families and financing 2016 government operations.  (AP Photo/J. Scott Applewhite)

House Speaker Paul Ryan of Wis. meets with reporters on Capitol Hill in Washington, Wednesday, Dec. 16, 2015, as lawmakers work to complete end-of-the-year business and pass a comprehensive spending bill. Congressional leaders are preparing to push a Christmas compromise on tax cuts and spending through the House and Senate by week's end after Republicans and Democrats reached agreement on a legislative package extending dozens of tax breaks for businesses and families and financing 2016 government operations. (AP Photo/J. Scott Applewhite)

House Speaker Paul Ryan says the U.S. House will work with Puerto Rico to come up with "a responsible solution" for the territory's debt problems.

Democrats have been pushing Ryan and other Republicans to help the island restructure its debt and declare bankruptcy. They were hoping language would be added to a year-end spending bill, but it was left out as Republicans said they want to address the root causes of the crisis and see more data on the island's finances.

Ryan did not detail what he would support, but said he would like to see a congressional solution by the end of March. He said the problem is "not going away any time soon."

Republican senators have introduced legislation to give the island tax relief and some financial oversight.

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