August 6, 2025 - 08:30

In a significant shift in governance, a White House official announced that President Donald Trump has terminated five of the seven members of Puerto Rico's federally-appointed financial oversight board. This decision was confirmed in a statement released by the board on Tuesday. The move has raised eyebrows among political analysts and local leaders, as the board plays a crucial role in managing Puerto Rico's financial recovery following its bankruptcy declaration in 2017.
The board was originally established to oversee the island's finances amid a crippling debt crisis, and its composition has been a point of contention. By dismissing the Democratic members, the Trump administration is signaling a departure from the previous bipartisan approach to the board's operation. This decision could lead to significant changes in the way financial decisions are made for Puerto Rico, potentially impacting the island's recovery efforts and its relationship with the federal government. The remaining members of the board and their future direction remain uncertain as the territory navigates these latest developments.
December 20, 2025 - 06:40
Investigation Launched into Pro-Cuomo PACs Funded by Finance ExecutivesNew York City’s Campaign Finance Board is currently investigating a coalition of political action committees (PACs) that collectively spent over $20 million in support of Andrew Cuomo’s...
December 19, 2025 - 23:31
Caution Advised as Majority of Americans Regret Following Online Financial AdviceEvery scroll brings another promise: get rich with crypto, unlock secret tax loopholes, achieve financial freedom in three easy steps. However, for over half of Americans, these enticing claims...
December 19, 2025 - 02:39
Advancing Ocean Finance Through Collaborative LeadershipAt the recent UNEA-7, a significant Ministerial Roundtable brought together key stakeholders to explore the development of coherent principles and actionable strategies for establishing a strong...
December 18, 2025 - 01:25
Indiana Public Finance Director Dan Huge Announces RetirementIndiana Public Finance Director Dan Huge will retire effective January 2, concluding a distinguished career in public service for the state. Huge has played a pivotal role in managing the state’s...