A White House official said the five were fired because of their exorbitant salaries and ineffective oversight.

SAN JUAN, Puerto Rico (AP) — The Trump administration has dismissed five out of seven members on Puerto Rico’s federal ...

The Trump administration terminated most of the members of the oversight board supervising Puerto Rico’s finances, ...

The board has been in a fierce legal battle with bondholders who claim the territory's utility owes them $12 billion.