Maduro says Venezuela will 'never' default on its massive debt

Venezuelan President Nicolas Maduro insisted on Sunday that his cash-strapped country would "never" default, as he prepared to meet with creditors in Caracas to discuss rescheduling part of the country's massive $150 billion debt."Never, default will never reach Venezuela," he declared on his weekly television show.Maduro pointed to ongoing negotiations with his allies China and Russia, to which Venezuela owes, respectively, $28 billion and $8 billion.