Argentina’s debt fight: What it is, why it matters

By Matthew Craft

Published June 28, 2014 2:56pm ET

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Argentina’s debt fight: What it is, why it matters — FILE - In this June 17, 2014 file photo, Argentina's Economy MInister Axel Kicillof talks to the media during a news conference to explain the recent U.S. Supreme Court's ruling on Argentina's bond default and discuss how the government plans to proceed, in Buenos Aires, Argentina. For over a decade, Argentina avoided paying $1.5 billion it owed to U.S. hedge funds for defaulted bonds. But after the U.S. Supreme Court refused to intervene in the case this week, the country must pay up by the end of this month. (AP Photo/Eduardo Di Baia, File) | Eduardo Di Baia

NEW YORK (AP) — Time to resolve Argentina’s long battle with creditors is running out.

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Argentina Law South America