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By Nick Brown and Daniel Bases SAN JUAN/NEW YORK (Reuters) - Puerto Rico’s Government Development Bank said it reached a tentative debt restructuring framework with some of its major creditors, just hours after declaring it will skip making a $422 million bond payment due on Monday. The framework is "a vital first step" that needs both restructuring legislation from the U.S. federal government and participation from all of the GDB’s creditors in order to work, the bank said in the statement issued late on Sunday. Talks between the GDB and some of its major creditors, who call themselves the Ad Hoc Group and hold roughly $935 million of GDB debt, will continue for the next 30 days.
WASHINGTON (AP) — Trailing significantly in the Democratic primaries, Bernie Sanders wants superdelegates to flip his way and is aiming for a contested national convention in July against front-runner Hillary Clinton. For his plan to work, he'll need plenty of big-time breaks.