Puerto Rico faces crucial debt payment

Posted online December 1, 2015 | 12:38 pm

Puerto Rico today faces owes a crucial debt payment of $355 million.

If it fails to pay, the default could trigger lawsuits, spook investors and undermine the island's efforts to climb out of $72 billion in debt, according to Reuters.

The payment is owed to the U.S. commonwealth's financing arm, the Government Development Bank.

Read more from Reuters.

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