U.S. judge calls Argentina debt row hearing amid contempt calls

Expedia.com

Cars and motorcycles are seen driving by the ICBC building in Buenos Aires' financial districtArgentina missed a June interest payment after District Judge Thomas Griesa blocked a coupon payment owed to holders of debt issued under U.S. President Cristina Fernandez, steadfast in her refusal to pay the hedge funds face value on their bonds, this week sent to the Argentine Congress a bill that would allow her government to resume payment to holders of exchanged bonds in defiance of Griesa’s court. Griesa said Thursday’s hearing would take place at 3 p.m in New York (1900 GMT). In June, Griesa blocked a $539 million interest payment on the restructured debt deposited by Argentina at intermediary Bank of New York Mellon (BONY) , saying it violated his order.