Supreme Court Appears Likely to Back Structure of Puerto Rico Debt-Relief Board

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Supreme Court Appears Likely to Back Structure of Puerto Rico Debt-Relief Board
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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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