Posted inWorld

Puerto Rico to Cut Budgets, Renegotiate Loans

DANICA COTO, Associated Press SAN JUAN, Puerto Rico (AP) โ€” Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the islandโ€™s economy and appeasing bondholders a day after credit rating agency Standard & Poorโ€™s downgraded the U.S. territoryโ€™s debt to junk status. Gov. Alejandro Garcia Padilla said he is renegotiating loans […]

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