Puerto Rico Said Struggling to Reach Deal With Hedge Funds

  • Development bank and creditor group said to be deadlocked
  • Confidential talk details said possibly for release Wednesday

Wilbur Ross Weighs in on Puerto Rico's Problems

Puerto Rico officials and a group of hedge funds are deadlocked on an agreement to restructure the island’s debt and inject new capital into its development bank, hours before a confidentiality pact expires, according to two people with knowledge of the matter.

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