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High Court Upholds Puerto Rico Financial Oversight Board

By Vince Sullivan ( June 1, 2020, 10:52 AM EDT) -- The U.S. Supreme Court on Monday unanimously ruled that members of Puerto Rico's Financial Oversight and Management Board do not require U.S. Senate approval because the board's handling of the island's $125 billion bankruptcy is limited to Puerto Rico's fiscal issues and it only exercises local, territorial authority....

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