US EditionThe Trump Administration Dismisses Most on a Federal Board Overseeing Puerto Rico's Finances
PUERTO RICO, AUG 7 – President Trump removed five Democratic members from Puerto Rico's financial oversight board, citing inefficiency and high salaries, leaving only two Republicans amid ongoing debt restructuring challenges.
- The Trump administration has dismissed five out of seven members on Puerto Rico's federal control board that oversees the U.S. territory's finances, sparking concern about the future of the island's fragile economy.
- Four of the five dismissed members are Democrats, leaving two Republican members on the board.
- A White House official accused the board of operating ineffectively and in secret, shelling out huge sums to law, consulting and lobbying firms, and paying exorbitant salaries to staff.
75 Articles
75 Articles
Although initially denied, it later emerged that five members of the Oversight Board were removed by President Donald Trump's administration.
Trump Fires Most of Puerto Rico's Fiscal Oversight Board
In a major shakeup for Puerto Rico's financial recovery, President Trump has abruptly removed five members of the island's powerful fiscal oversight board, leaving the future of the territory's debt crisis uncertain. Just three members of Puerto Rico's Financial Oversight Management Board, the federally appointed body in charge of guiding...
Trump Fires Five Members of Controversial Govt Board Managing Puerto Rico’s Debt.
PULSE POINTSWHAT HAPPENED: The Trump administration dismissed five of seven members from Puerto Rico’s federal control board, sparking concerns over the island’s financial future due to potential board malfeasance.WHO WAS INVOLVED: The White House, dismissed board members Arthur Gonzalez, Cameron McKenzie, Betty Rosa, Juan Sabater, Luis Ubiñas, and remaining members Andrew G. Biggs and John E. Nixon.WHEN & WHERE: The dismissals were announced Tu…
Trump admin dismisses all Democrats from Puerto Rico's financial oversight board
The Trump administration has dismissed five out of seven members on Puerto Rico’s federal control board that oversees the U.S. territory’s finances, sparking concern about the future of the island’s fragile economy.
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