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Puerto Rico in Danger of Default

A prominent U.S. newspaper reported Puerto Rico cannot pay "roughly $72 billion in debts." The New York Times reported Sunday that Puerto Rican Governor Alejandro Garcia Padilla and senior members of his staff have said "they would seek significant concessions from as many as all of the island's creditors."  The report said the concessions could include deferring some debt payments for five years or more.  "The debt is not payable,"...

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