High court rules against Puerto Rico in debt case

WASHINGTON (AP) — The Supreme Court says Puerto Rico can’t restructure the debt of its financially ailing public utilities to help overcome a decade-long economic crisis.
The 5-2 ruling Monday means the U.S. territory must wait for Congress to pass debt-relief legislation to help ease its fiscal woes.
The justices said federal bankruptcy law bars Puerto Rico from enacting its own law to restructure about $20 billion in debt.
Puerto Rico lawmakers passed the law in 2014