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Axel Kicillof, Argentina's economy minister, addresses member of the news media after a negotiation session Wednesday July 30, 2014, in New York. Argentina officials and U.S. bondholders met for the first time in hopes of preventing an Argentine default.
Craig Ruttle/AP Photo

Argentina slides into default as debt talks fail

The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering economy.

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