Sen.
Elizabeth Warren (D-Mass.) criticized President Donald Trump on Tuesday for trying to reshape Puerto Rico’s federal financial oversight board, using the 10th anniversary of the bipartisan PROMESA Act to warn that the island’s fiscal future could again be tilted toward Wall Street creditors.
Warren Says Board Put Wall Street First "10 years ago, Congress put Puerto Rico's finances under an unelected fiscal board that put Wall Street first.
Now Trump is firing its members and opening the door for even more of his Wall Street buddies," Warren wrote on X.
"It’s time for Puerto Rico to have the right to determine its own future," she added. 10 years ago, Congress put Puerto Rico's finances under an unelected fiscal board that put Wall Street first.Now Trump is firing its members and opening the door for even more of his Wall Street buddies.It’s time for Puerto Rico to have the right to determine its own future.— Elizabeth Warren (@SenWarren) June 30, 2026 Congress enacted PROMESA in 2016 to respond to Puerto Rico’s financial crisis.
