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Puerto Rico debt adjustment plan not 'realistic' in April: official

Puerto Rico debt adjustment plan not 'realistic' in April: officialThe executive director of Puerto Rico's federally created financial oversight board said on Monday that a plan to restructure the U.S. commonwealth's core government debt likely cannot be done by the end of April. An attorney for the board last week told a U.S. judge who is hearing Puerto Rico's bankruptcy cases that a draft plan was expected next month, according to local media reports.



Three dead, one missing in devastating floods across U.S. Midwest

Three dead, one missing in devastating floods across U.S. MidwestAs floodwaters began to recede in much of the area inundated by the aftermath of a storm dubbed a "bomb cyclone," Nebraska officials were taking in the damage in a state where 64 of the 93 counties have declared emergencies. "This is clearly the most widespread disaster we have had in our state's history," in terms of sheer size, Governor Pete Ricketts told reporters on an afternoon briefing call. State officials said on the call that 290 people had been rescued by the Nebraska State Patrol, National Guard troops, and urban search and rescue teams.



Texas petrochemical storage fire rages, may burn for two days

Texas petrochemical storage fire rages, may burn for two daysFirefighters were making progress seeking to contain the blaze at Intercontinental Terminals Co (ITC), with the number of giant storage tanks on fire reduced to six from seven earlier, said ITC spokeswoman Alice Richardson. The blaze at a site along the Houston Ship Channel in Deer Park, Texas, began Sunday when a leak from a tank containing volatile naphtha ignited and spread to others in the same complex, the company said. The Houston Ship Channel is home to nine U.S. oil refineries that process 2.3 million barrels per day (bpd), or 12 percent of the national total.



Alan Krueger, economic adviser to Obama and Clinton, takes own life at 58

Alan Krueger, economic adviser to Obama and Clinton, takes own life at 58The statement did not elaborate about the circumstances of Krueger's death, nor did the university when confirming it earlier in the day. Krueger served in the last two Democratic administrations - as chief economist for the U.S. Department of Labor during the Clinton era and as chair of the White House Council of Economic Advisers for Obama. "It is with tremendous sadness we share that Professor Alan B. Krueger, beloved husband, father, son, brother, and Princeton professor of economics took his own life over the weekend," his family said in the statement furnished by the university.



Flooded U.S. Air Force base underscores climate risk to security: experts

Flooded U.S. Air Force base underscores climate risk to security: expertsFlooding at a U.S. Air Force base in Nebraska that damaged buildings and forced the removal of a plane integral to the nation's nuclear attack response highlight the risks climate change poses to national security, experts said on Monday. U.S. President Donald Trump has repeatedly questioned whether humans cause climate change and has been angered by assessments from his military and intelligence agencies that say the phenomenon poses national security risks. Last week's "bomb cyclone" storm flooded about 60 structures including 30 buildings at the Offutt Air Force Base, said Ryan Hansen, a spokesman for the 55th Wing, a unit providing reconnaissance, intelligence and combat support to U.S. leaders.





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