White House fires another member of Puerto Rico oversight board

Danielle Moran, Bloomberg News on Aug 13, 2025

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The White House has fired another member of the watchdog board that oversees Puerto Rico’s finances.

“The Oversight Board has been informed by the White House that the administration of President Donald Trump terminated Andrew G. Biggs from his position as a member,” the board said in a statement on Wednesday. The body is still continuing its day-to-day operations and its work maintaining the “fiscal responsibility” of the island, the statement said.

The move comes after the White House terminated five of the seven members of the board earlier this month. Initially, Biggs and another member, John Nixon, weren’t included in the dismissals.

Biggs is a scholar at the American Enterprise Institute and an expert on government pensions. He previously worked for the Social Security Administration and the White House National Economic Council under George W. Bush.

Established in 2016 under the Obama administration, the Financial Oversight and Management Board for Puerto Rico is in a protracted fight to reduce the obligations of the Puerto Rico Electric Power Authority, or Prepa, from $10 billion to $2.6 billion, with some bondholders insisting the utility can repay more. It has completed a dozen restructurings, cutting $63 billion of debt by almost 60% and eliminating more than $55 billion in principal and interest payments.

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(With assistance from Jim Wyss.)