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Puerto Rico Governor Says Island Will Default on May 1


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Puerto Rico Governor Says Island Will Default on May 1

Jubilee USA

WASHINGTON - On April 27th, Puerto Rico Governor Alejandro García Padilla announced his government will not make a $422 million debt payment due May 1. Puerto Rico missed smaller debt payments in January and last August.

"A default signals the situation is getting worse," said Eric LeCompte, the executive director of the religious development coalition Jubilee USA.

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