Puerto Rico Defaults for the first time in History

Puerto Rico just defaulted for the first time

The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt the island’s residents, not Wall Street. The debt is mostly owned by ordinary Puerto Ricans through credit unions. “This was a decision that reflects the serious …

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Senate Fails to strip Planned Parenthood of its $500 million-plus in Federal Funding

Sen. Richard Shelby

An effort to defund Planned Parenthood in the wake of controversial videos showing officials discussing the sale of fetal tissue failed in the U.S. Senate this afternoon. Senate Democrats blocked the GOP-led effort to strip the organization of the roughly $528 million in federal funding it receives each year. The …

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