Supreme Court strikes down Puerto Rico debt restructuring law

The Supreme Court has struck down a Puerto Rican law that would have allowed the U.S. territory's public utilities to restructure their debt. The 5-2 ruling leaves management of the island's fiscal crisis to Congress. The House of Representatives passed a bill last week to help Puerto Rico manage its debt crisis. The Senate has not yet acted.

By



Supreme Court strikes down Puerto Rico debt restructuring law

Comments

Popular posts from this blog

IMF Executive Board Discusses the First Assessment of Eligible Countries under the Multilateral Debt Relief Initiative

Oil’s chaotic collapse deepens; stocks drop worldwide

Mapping Extreme Poverty Around the World A new report from the