Puerto Rico fails to make a $58 billion debt payment on bonds issued by the Public Finance Corporation; Governor Alejandro Garcia Padilla warned creditors in June that debt restructuring will be needed to keep the government afloat
More Notable Events on August 1:
1995 Westinghouse purchases CBS-TV network
1957 U.S. and Canada create NORAD
1916 Hawaii National Park forms
1834 Slavery abolished through out the British Empire
1831 London Bridge opens to traffic
