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Backed by CT lawmakers, new law shields Puerto Rico from creditor lawsuits

U.S. Sen. Richard Blumenthal discusses a new law to shield Puerto Rico as it defaults on its debt.

WASHINGTON — Puerto Rico announced Friday it will default on nearly $1 billion of its debt, but legislation backed by Connecticut lawmakers and signed by President Barack Obama this week puts a halt to legal battles that would stem from the island’s inability to pay for a growing share of its debt. Continue Reading →

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