23-04-2015 01:50 via news.yahoo.com

Puerto Rico officials warn government shutdown imminent

By Edward Krudy NEW YORK (Reuters) - Puerto Rico's top finance officials said the government of the U.S. territory will likely shutdown in three months because of a looming liquidity crisis and warned of a devastating impact on the island's economy. In a letter to leading lawmakers, including Governor Alejandro Padilla, the officials said a financing deal that could potentially salvage the government's finances currently looked unlikely to succeed. It warned of laying off governme
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