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Senate Passes Puerto Rico Debt Relief

The U.S. Senate passed a debt-relief bill for Puerto Rico Wednesday, and it awaits President Obama's signature before Friday, when the territory is set to default on its next debt payment. President Obama has already said he looked forward to signing the legislation into law, which passed the Senate on a vote of 68-30. Puerto Rico's government has some $70 billion in debt, $2 billion of which is due Friday. The territory has already defaulted on some of its debt, and has said...

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