Thursday, January 08, 2009

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PR gov declares fiscal emergency, spending cut

Puerto Rico's new governor Luis Fortuno on Thursday declared a fiscal emergency because of the U.S. Caribbean island's darkening budget forecasts and a towering deficit of $3.2 billion.
For the complete AP report, go to this link
http://www.forbes.com/feeds/ap/2009/01/08/ap5898360.html
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