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June 13, 2016

SCOTUS Rules that Puerto Rico Can’t Restructure $20 Billion In Municipal Debt, Unlike State Governments

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The Supreme Court said on Monday that Puerto Rico lacks the authority to restructure its municipal debt. Justices ruled 5-2 that a law passed in 2014 by the territory is preempted by the federal bankruptcy code. The legislation had sought to modify debt held by the island’s municipal utilities—believed to be worth about $20 billion. As Clarence Thomas noted in the majority opinion, Congress in 1984 specifically excluded Puerto Rico from the federal bankruptcy code. The court said parts of the Puerto Rican law being…

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Report: Citing Election Year, White House Giving Up on Closing Gitmo

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President Obama will reportedly not act on his own to close the military prison camp at Guantanamo Bay, instead submitting to the whims of a Congress committed to keeping the facility open indefinitely. A source close to the deliberations told Reuters that the administration has ruled out unilateral action on Gitmo due to a lack of popular support and the hyper-politicized season. “It was just deemed too difficult to get through all of the hurdles that they would need to get through, and the level…

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Labor Dept. Seeks to Protect Union-Busting Rule from Red State Onslaught

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The Obama administration is asking a federal judge to throw out a challenge brought by ten states against a new labor regulation that will force union busters out of the shadows. Finalized in April by the Department of Labor, the “Persuader Rule” is under assault in federal court, where several Republican-led states, are seeking an injunction against it. According to a brief filed last week, the department argued that the state interveners claims should be rejected, and the regulation preserved. “The public interest would be undermined if…

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