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Puerto Rico staggers under $72 billion in debt; governor asks for help

Puerto Rico staggers under $72 billion in debt; governor asks for help

Staggering under a $72-billion debt, Puerto Rico, a U.S. commonwealth in the Caribbean, says it may not be able to make its payments, a step that would rattle the financial underpinnings of the United States. “We must all share the payment of this debt,” Puerto Rico Gov. Alejandro Garcia Padilla said in a televised address Monday, in which he called for help. “This isn’t the moment of recrimination…. It is the moment of unity.... It is the moment to act.” He called on Washington to help save Puerto Rico from an economic downturn that would impoverish its people and possibly spur many to leave the island. The U.S. government, however, is not planning...

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