U.S. Congress

The hearing in Washington on the Fiscal Oversight Board leaves everything unchanged. Members of Congress “evaluated” the Board’s performance with rhetorical questions, lacking specific benchmarks and offering no proposals for change.

Far from seeking its exit, the Fiscal Control Board is at its peak integration with the Puerto Rico government. At a time when each side has its interpretation of what PROMESA requires, it seems unlikely that the Board will leave on its terms.