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Puerto Rico Avoids Default, Asks For Bankruptcy Option

By Jonathan Randles (December 1, 2015, 3:16 PM EST) -- Puerto Rico said Tuesday that it has made a scheduled $355 million debt payment to bondholders to avoid another default, while the commonwealth's political leaders continued to plead with members of Congress to pass legislation that would permit the territory to restructure its debt through the U.S. court system....

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