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Puerto Rico Makes $355 Million Debt Repayment But Warns of Default

HeadlineDec 02, 2015

Puerto Rico has made a $355 million debt payment Tuesday, even as the governor of the U.S. territory warns Puerto Rico is facing impending default. There had been speculation that Puerto Rico would default on at least some of the December 1 repayment. Puerto Rican Governor Alejandro García Padilla has long warned the U.S. territory is in a “death spiral” and that the staggering $72 billion in debt is “unpayable.”

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