New signs Puerto Rico debt deal may collapse
Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.
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Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.
Amendments would make it "impossible" to enact the Plan of Adjustment because the cost would be too high.
Puerto Rico House leadership wants a guarantee of no pension cuts and other incentives in a debt bill.
Both board members and government officials reiterated their stances on cuts to public pensions — for and against — but neither party said agreements had been reached during the meeting.
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