LeadStory

Why are Puerto Rico board members getting fired?

Asked 3 hours ago

Answer

Puerto Rico oversight board members are being fired, leaving only one member. This creates uncertainty about the board's ability to approve budgets and oversee debt restructuring. The reasons for the firings are not detailed, but the situation now requires the White House and Congress to appoint new members.

Now Playing

Bloomberg

Another Puerto Rico oversight board member fired

Bloomberg · Just In
Bloomberg
Bloomberg
Just In
  • Another member of Puerto Rico's oversight board has been fired, leaving only one member remaining. 6s
  • The board's ability to approve budgets and oversee debt restructuring is now in doubt. 15s
  • Puerto Rico's day-to-day operations can continue due to an already approved budget. 44s
  • Appointing new board members is now up to the White House and Congress. 1m 0s
Politics

References

Another Puerto Rico oversight board member fired
Icon
Bloomberg
4 hours ago
Another Puerto Rico oversight board member fired

Another board member was fired, leaving just one member, which raises doubts about the board's ability to approve budgets and move forward with debt restructuring.

Another Puerto Rico oversight board member fired
Icon
Bloomberg
4 hours ago
Another Puerto Rico oversight board member fired

Responsibility to appoint new board members now falls to the White House and Congress, with uncertainty about how long this will take and what stance new members will have.

What Are People Asking?