Report Questions Whether Puerto Rico Debt Issued Illegally

June 2, 2016 2:07 PM

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A commission created to audit Puerto Rico's debt is questioning the legality of government-issued bonds and says the U.S. territory might not be responsible for paying part of the money owed.

The report issued Thursday comes as the U.S. Congress is debating how best to help Puerto Rico as it struggles to restructure $70 billion in public debt and braces for an anticipated $2 billion default on July 1.

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