President Donald Trump has dismissed five of the seven members of the federally appointed board that oversees Puerto Rico’s finances, abruptly reshaping the entity that steers the island’s debt restructuring and budget decisions. The White House has not detailed a timetable for naming replacements or explained why the members were removed. The shake-up followed a public broadside against the board by far-right influencer and unofficial Trump adviser Laura Loomer, who accused its members of mishandling the island’s fiscal recovery. Although the administration has not linked its action to Loomer’s comments, her criticism preceded the dismissals by two days, underscoring her growing sway in Trump’s political orbit. Municipal-bond insurer Assured Guaranty welcomed the move. Chief Executive Officer Dominic Frederico told analysts he was “optimistic” the board’s overhaul would speed negotiations, arguing that the previous panel had repeatedly reneged on tentative agreements. Assured has written nearly $900 million in secondary-market policies this year and is a leading creditor in Puerto Rico’s ongoing restructuring. Loomer’s influence has also drawn scrutiny after she attacked Army Medal of Honor recipient Florent Groberg in a separate online tirade, prompting bipartisan condemnation from former Pentagon officials and veterans groups.
President Trump forcing Chris Wray’s DEI hires onto the street to fight actual crime is a beautiful thing — some, I assume, are good agents https://t.co/EKoISGPofR
Laura Loomer is threatening to sue us. That means we’ll have discovery soon. That means we’ll find out exactly who put @LauraLoomer up to smearing Vinay Prasad. https://t.co/5hAg8gAJp6
Earlier this week on @LoomerUnleashed, I reacted to an @MSNBC segment where their own reporters admitted that many officials in the GOP resent me. They said it is not because I am “radical” or “far right”, but because I am young, relentless, and more effective than they are. It https://t.co/gu0UFkka5A