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In a statement, the Financial Oversight and Management Board said, “Today begins a new chapter in Puerto Rico's history. Today, Puerto Rico can start 

Judge Laura Taylor Swain signed a plan that cuts Puerto Rico's public debt by 80% and saves the island more than $50 billion in debt service 

The judge overseeing Puerto Rico's bankruptcy approved its debt-cutting plan, which includes forgiving $3 billion in pension bonds.

Puerto Rico is one step closer to resolving its nearly five-year bankruptcy battle after a federal judge approved a restructuring plan that would