Puerto Rico Governor Reiterates Warning of Debt Moratorium

  • Garcia Padilla blames Congress for ending tax incentives
  • Debt payments could be halted as soon as May if no action

Puerto Rico Governor Alejandro Garcia Padilla reiterated that his government may stop making payments as soon as in May on $70 billion in debt if U.S. lawmakers fail to assist commonwealth’s efforts to restructure the island’s obligations.

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