A White House official said the five were fired because of their exorbitant salaries and ineffective oversight.

On Monday, August 4, President Donald Trump dismissed five of the seven members of the Puerto Rico Financial Oversight and Management Board (FOMB), the entity that, for all intents and purposes, ...

Hurricane Erin is set to sweep by Puerto Rico this weekend, bringing with it high winds and heavy rains. Luckily, it’s not ...

New Fortress Energy rose after the Trump administration fired five of the seven board members of the federal watchdog that oversees 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 board has been in a fierce legal battle with bondholders who claim the territory's utility owes them $12 billion.

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 ...

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 ...

The transfer of employees from FEMA to ICE comes at the start of the peak hurricane season. In the photo, effects of the ...

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 ...

Trump administration dismisses majority of federal board overseeing Puerto Rico’s finances The move sparked concern about the future of the island’s fragile economy. Five Democrats were fired ...