fiscal oversight board


Supreme Court Hears Puerto Rico Case

It seems unlikely that the U.S. Supreme Court will rule against Puerto Rico’s fiscal oversight board in a case that challenges its legitimacy and which the court heard this week. The stakes are high. The fiscal board, officially the Fiscal Oversight and Management Board or FOMB, was created by Congress […]


Supreme Court to Hear Case on Puerto Rico Fiscal Control Board

The U.S. Supreme Court announced it will hear a case about the constitutionality of the appointments to the Fiscal Oversight and Management Board that manages Puerto Rico’s financial affairs and is renegotiating its $70 billion-plus in public debt while the island is in bankruptcy. The court, which is set to […]


Four Puerto Ricans Named to Island Fiscal Oversight Board

The seven members of the fiscal oversight board that will run Puerto Rico’s affairs were announced this week, and four are  Puerto Rican. The board – officially known as the Financial Oversight and Management Board for Puerto Rico – comprises four Republicans and three Democrats. They are the unelected people who will run […]