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Archive for August 4th, 2015

Puerto Rico Defaults

Tuesday August 4th, 2015   •   Posted by Craig Eyermann at 8:12am PDT   •   0 Comments

The clock ticking toward Puerto Rico’s default on its debt has finally struck. CNN reports that the U.S. territory just went into default for the first time in its history: The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt…
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