SAN JUAN, Puerto Rico (AP) — Puerto Rico will default on $37 million in payments due to creditors Friday, while it will make $594 million in other payments owed next week, the U.S. commonwealth's governor said Wednesday.
Gov. Alejandro Garcia Padilla said that the payments to be made include $329 million to holders of general-obligation bonds. He said there is no money to make a $400 million payment that will come due in May on Government Development Bank bonds.
COUNCIL BLUFFS, Iowa (AP) — Billionaire Republican Donald Trump says he can spare at least $2 million a week to buy television advertising in the states with the first three presidential primary contests, a move that would mark a massive departure for a candidate who has so far relied on free media to fuel his insurgent campaign.
"I'll be spending a minimum of $2 million a week and perhaps substantially more than that," he told reporters, adding, "If somebody attacks me, I will attack them very much and very hard in terms of ads."
