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Puerto Rico to seek debt moratorium from bondholders

SAN JUAN, Puerto Rico (AP) Puerto Rico's governor says he will create a financial team that will meet with bondholders and seek a moratorium on debt payments. Gov. Alejandro Garcia Padilla made the announcement Monday night after saying that the U. S. territory's $72 billion public debt is unpayable. He said he would seek a moratorium of several years but did not provide specifics. Garcia's comments come just hours after international economists released a gloomy report on Puerto Rico's are a...

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