Even a retroactive stay on litigation passed by Congress a few days later would not reverse such a court order.”“The future of Puerto Rico is hanging from a thread,” Puerto Rico Gov. WASHINGTON -- Treasury Secretary Jack Lew sounded the alarm Monday on the looming deadline for the Senate to pass legislation to help Puerto Rico with its debt crisis. “This could force Puerto Rico to lay off police officers, shut down public transit, or close a hospital. Without action, Puerto Rico could be exposed to a flurry of lawsuits, which could lead to hospital closures and squeeze the island's police force, education system and other services. Last week, Lew met with Senate Democrats to answer questions about the text.

Source: Huffington Post June 27, 2016 15:35 UTC