Tag Archives: Ricos

Sylvette Santiago, a spokesperson for the board, did not immediately return a message seeking comment on whether the board members would fight the decision. Meanwhile, Rep. Nydia Velázquez, a New York Democrat, criticized the dismissals though she acknowledged what she said were “serious and longstanding concerns” about actions the board has taken, including implementing austerity measures. “This sudden purge by …

President Trump fired five of the eight members of Puerto Rico’s Financial Oversight Management Board, which oversees the U.S. territory’s budget plan. The island has been trying to find its way to fiscal solvency after struggling with its debt for years.  Mr. Trump dismissed the board’s chairman Arthur J. Gonzalez, Cameron McKenzie, Betty A. Rosa, Juan A. Sabater, and Luis …

SAN JUAN, Puerto Rico (AP) — 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. The five fired are all Democrats. A White House official told The Associated Press on Tuesday that the board “has been run …