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As The Puerto Rico Lawsuits Begin "A Bankruptcy Is A When, Not An If"

As The Puerto Rico Lawsuits Begin "A Bankruptcy Is A When, Not An If"

Last July, Puerto Rico defaulted on hundreds of millions in debt, however under the PROMESA federal rescue law put together in the last minute, creditor litigation was put on hold - a kind of deferred debtor protection without the actual bankruptcy. The law was meant to encourage Puerto Rico and its federal financial oversight board to negotiate debt-cutting agreements with creditors.

North Korea Furious After US Deploys Tactical Bombers; Warns Of "Total Nuclear War"

Another day, another jawboning escalation out of North Korea, which on Tuesday accused the US of pushing the Korean peninsula "to the brink of nuclear war" after two strategic U.S. bombers flew training drills with the South Korean and Japanese air forces in another show of strength. As Reuters reports, the two supersonic B-1B Lancer bombers were deployed amid rising tensions over North Korea's pursuit of its nuclear and missile programs.

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