Puerto Rico says will default on $779 million of senior debt

SAN JUAN (Reuters) - Puerto Rico on Friday said it will default on $ 779 million worth of constitutionally backed debt, its most senior bonds, making good on threats that the island would choose paying essential services for its citizens over obligations to creditors.

Reuters: Politics

Obama says Congress must end deadlock on Zika funding

WASHINGTON (Reuters) - U.S. President Barack Obama on Friday said Congress must end its deadlock on funding to combat the Zika virus before lawmakers head out to recess later this summer.

Reuters: Politics