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December 2, 2015

Puerto Rico Makes $355 Million Debt Repayment but Warns of Default 
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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 Rico's governor Alejandro
Garcia 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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