Puerto Rico Governor Defies Board to Avoid ‘Death Spiral’By
Governor says more austerity will worsen island’s collapse
Board needs plan before restarting talks with creditors
Puerto Rico Governor Alejandro Garcia Padilla is refusing a U.S. oversight board’s request to redraw his plan for pulling the island from a debt crisis, marking a challenge to the newly formed federal panel that threatens to further delay negotiations with bondholders.
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