Puerto Rico will fail to make Aug.1 payment, signaling default
 

Puerto Rico will fail to make Aug.1 payment, signaling default
(Reuters) - Puerto Rico will miss a payment on debt due Aug. 1, the gover**r's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history.
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