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 finan...