Gov: Puerto Rico Default Likely on Upcoming Bond Payments

December 9, 2015 7:04 PM

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Puerto Rico's governor says it is very probable the U.S. territory will not be able to make any more upcoming debt payments because it has run out of money.

Alejandro Garcia Padilla spoke Wednesday while on a trip to Washington D.C. to meet with Republican legislators and others to talk about Puerto Rico's economic crisis. Congress could decide on Friday whether to grant Puerto Rico public agencies access to Chapter 9 bankruptcy provisions.

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