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July 1, 2016

Obama signs Puerto Rico financial rescue bill

By MARY CLARE JALONICK
Associated Press

WASHINGTON — President Barack Obama signed a rescue package on Thursday for financially strapped Puerto Rico, which is facing more than $70 billion in debt and a major payment due Friday.

Obama signed the bill hours after it won final Senate passage Wednesday night. Obama said there is still tough work to do to get Puerto Rico out of the hole.


 
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