Liberal justices showed signs of support toPuerto Rico's bid to convince the Supreme Court to revive a law that could let the U.S. territory cut billions of dollars in debt at public utilities.
To solve the severe and rapidly deteriorating fiscal and economic crisis, Puerto Rico should have access to debt-restructuring regime.
Antonin Scalia's death gave Puerto Rico a chance of supreme court win. U.S wants to hear the bid over Recovery Act.
Governor Alejandro Garcia Padilla has signed into law a bill that would restructure Puerto Rico's debt-laden electric utility in a positive move to ease the country's financial woes.
