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Flag of Puerto Rico in the old town of San Juan. Photo by Ramunas Bruzas/Shutterstock.com Flag of Puerto Rico in the old town of San Juan. Photo by Ramunas Bruzas/Shutterstock.com

A federal bankruptcy judge approved a major debt restructuring plan for Puerto Rico in the first deal of its kind for the U.S. territory since the island’s government declared nearly four years ago that it was unable to repay its public debt.

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