Puerto Rico governor warns public debt not payable

June 29, 2015 6:02 AM

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Puerto Rico governor warns public debt not payable

Puerto Rico's governor believes the U.S. territory will not be able to pay back its $72 billion public debt, a spokesman told the Associated Press late Sunday.

Gov. Alejandro Garcia Padilla's spokesman, Jesus Manuel Ortiz, confirmed that the island's government is seeking to defer payments while negotiating with creditors.

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