Colonial-Governance

Obama Signs PROMESA Creating Unelected Fiscal Control Board to Govern Puerto Rico's $72 Billion Debt Crisis

2016-06-30 00:00:00 +0000 UTC | Importance: 9/10

President Barack Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) into law, establishing a seven-member Financial Oversight and Management Board with sweeping powers over Puerto Rico’s government. The board, appointed by the U.S. President rather than …

Barack Obama U.S. Congress Financial Oversight and Management Board for Puerto Rico Puerto Rico Government puerto-rico promesa fiscal-control-board austerity colonial-governance +3 more