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Strong vote bolsters prospects for Puerto Rico bill

JUNE 13, 2016 | by Mary Jalonick | KOKOMO TRIBUNE

By Mary Claire Jalonick (AP), includes "Help for debt-stricken Puerto Rico may be just weeks away as a strong House vote bolstered prospects in the Senate for a rescue package to ease the U.S. territory’s crippling $70 billion debt. … The U.S. territory owes a $2 billion payment to creditors July 1. Puerto Rico has already missed several payments to creditors while a lengthy recession has forced businesses to close, driven up the unemployment rate and sparked an exodus of hundreds of thousands of people to the U.S. mainland…"

 

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