Puerto Rico advances law to help water utility issue debt

Puerto Rico's House of Representatives on Thursday approved a bill aimed at making it easier for the island's cash-strapped water authority, known as PRASA, to issue new bonds and avoid a rate hike.     In a 35-10 vote with bipartisan support, the house green-lighted the bill after some 400 amendments, sending it to the U.S. territory's Senate.      Puerto Rico is struggling to figure out how to pay its $70 billion debt load amid high poverty rates and a stagna