The Supreme Court appears likely to uphold the board Congress created to resolve Puerto Rico’s debt crisis, despite complaints from creditors
The dispute turns on whether the oversight board supervising Puerto Rico’s finances is best considered a federal agency whose members must be presidential
nominees confirmed by the Senate, or an entity structured by Congress under its authority to administer the U.S. territories. So far, it has functioned as the...
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Creditors are challenging Puerto Rico's financial oversight board. But the Supreme Court seems skepticalPuerto Rico's financial oversight board might live to guard the island's restructuring for another day. During Supreme Court arguments Tuesday, justices appeared to lean in favor of leaving the board in place.
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