washington u.s. treasury secretary jack lew monday call senate take immediate action week address puerto rico 70 billion debt crisis critical july deadline island territory next debt payments senate take matter immediately lew say letter senate majority leader mitch mcconnell delay jeopardize ability congress conclude work july critical deadline puerto rico leadership publicly highlight months action take crisis ratchet high say letter puerto rico face deadline friday pay billion debts senator jam inhofe oklahoma chairman senate environment public work committee say late floor speech vote would take place wednesday really think go ahead support bill say senior republican aide could confirm vote would take place wednesday financially ail island star 70 billion worth debt say repay full add 45 percent poverty rate rise emigration u.s. mainland also cut economic growth republican-led u.s. house representatives already pass legislation address puerto rico debt leave washington july holiday break senate expect recess end week house bill rare piece bipartisan legislation would establish federal oversight board negotiate various debt restructure seek institute balance budget island u.s. territory 3.5 million residents lew call senators also pass house measure puerto rico oversight management economic stability act promesa week get president barack obama sign law friday payment deadline senate also control republicans expect debate measure week democrats say want change move could complicate passage vote expect week jack lew urge senate act puerto rico debt