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Puerto Rico Rejects Bondholders' $10B Sales Tax Deal

By Rick Archer ( May 14, 2018, 8:41 PM EDT) -- Two groups of Puerto Rican bondholders on Monday announced a proposal to cut the island's debt by $10 billion by putting a portion of sales tax revenue in a trust to be split between them, but the island's government and financial overseers predicted fiscal woes if the plan were adopted....

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