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April 27, 2016

GOP battles bailout perception on Puerto Rico

By MARY CLARE JALONICK
Associated Press

WASHINGTON — Debt-ridden Puerto Rico faces a $422 million bond payment deadline Sunday with no sign Congress will act in time to help.

Further complicating lawmakers' efforts to steer the U.S. territory away from economic collapse are ads airing nationwide that claim the legislation amounts to a financial bailout, even though the bill has no direct financial aid.


 
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