LeadStory

Bloomberg

Another Puerto Rico oversight board member fired

Bloomberg · Just In
Bloomberg
Bloomberg
Just In

The White House has fired another member of the watchdog board that oversees Puerto Rico's finances. The move comes after the White House terminated five of the seven members of the board earlier this month.

Breakdown
  • 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