On August 5, 2025, the White House removed five of the seven people serving on Puerto Rico’s financial oversight board.

On August 5, 2025, the White House removed five out of seven members of Puerto Rico’s financial oversight board. The members who were dismissed included Arthur J. González, Cameron McKenzie, Betty Rosa, Juan Sabater, and Luis Ubiñas, while Andrew Biggs and John Nixon continued to serve on the board. This financial oversight board was formed under the 2016 PROMESA law, and the original appointments were made by President Barack Obama. According to the White House, the board was removed because it was not performing effectively and needed new leadership. The salaries of the board’s employees are around $214,000 per year, which is more than 1,000 percent higher than Puerto Rico’s median household income.

On August 5, 2025, the White House removed five of the seven people serving on Puerto Rico’s financial oversight board.

The officials removed were Arthur J. González, Cameron McKenzie, Betty Rosa, Juan Sabater, and Luis Ubiñas.

Board members Andrew Biggs and John Nixon stayed on the financial oversight board.

This financial oversight board was first created under the 2016 PROMESA law and the members were chosen by President Barack Obama.

The White House said the financial oversight board was working poorly and needed new leadership.

Employees of the financial oversight board receive about $214,000 each year, which is more than 1,000 percent higher than the average household income in Puerto Rico.

BACKGROUND

The Puerto Rico Financial Oversight and Management Board was established in 2016 under the PROMESA law to address the island’s severe debt crisis and oversee its economic recovery. The board was given broad powers to approve budgets, restructure debt, and implement fiscal reforms in an effort to restore financial stability after years of economic decline and a massive government bankruptcy. Over time, the board became a source of tension between local leaders and federal authorities, with critics arguing that it limited Puerto Rico’s self‑governance while paying its staff high salaries. Supporters of the board claimed that strict oversight was necessary to prevent financial mismanagement and to guide the territory out of crisis. This ongoing friction set the stage for the recent decision by the White House to remove most of the board members and seek a new approach to financial control on the island.

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