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The Trump Administration Dismisses Most on a Federal Board Overseeing Puerto Rico's Finances
PUERTO RICO, AUG 5 – President Trump replaced five Democratic members with Republicans on Puerto Rico's oversight board amid concerns over economic management and $70 billion public debt restructuring.
- President Donald Trump dismissed five members of Puerto Rico's federal control board overseeing the territory's finances on August 5, 2025.
- The board, created under the 2016 Obama administration to manage Puerto Rico's debt crisis, faced criticism for inefficiency and secrecy leading to the dismissals.
- The dismissed members, all Democrats including chairman Arthur Gonzalez, were removed without prior notification amid ongoing disputes over debt restructuring and fiscal plans.
- A White House official said the board had operated inefficiently and secretly while paying exorbitant salaries and costly consulting fees, with a new fiscal plan proposing a $2.6 billion creditor payment.
- Experts worry that these removals could spark further economic instability in Puerto Rico while the territory continues its struggle to restructure over $9 billion in debt under strained mediations.
59 Articles
59 Articles
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.
Associated Press News
The Trump administration dismisses most on a federal board overseeing Puerto Rico's finances
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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