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Argentina failed to reach a deal with hedge funds demanding full payment on its defaulted bonds, veering closer to what the IMF warned could be a painful new default. With less than a week to go to either pay up or risk being declared in default, Argentine officials met with the US court-appointed mediator trying to break the impasse, but refused to meet the hedge funds' representatives directly, said the mediator, New York lawyer Dan Pollack. One of the main funds battling for full payment, NML Capital, said Argentina had "made clear that it will be choosing to default." "There is currently a total lack of willingness on Argentina's part to solve this problem."
DARBY, Pa. (AP) — A doctor told police that a patient fatally shot a caseworker at their hospital complex before the doctor pulled out his own gun and exchanged fire with him and wounded him, a prosecutor said Thursday night.