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Board rejects Puerto Rico budget because of overspending

18:52 EDT 27 Jun 2017 | Yahoo News

SAN JUAN, Puerto Rico (AP) — A federal control board overseeing Puerto Rico's finances rejected the U.S. territory's proposed budget on Tuesday because it said it lacks at least $200 million in specific cost-saving measures and contains nearly $120 million in overspending and ineligible expenditures.


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