Puerto Rico Board Scolded by Lawmaker, Defied by Governor
- Bishop ‘frustrated’ by inability to reach restructuring deal
- Rossello bridles at panel’s demands for budget austerity
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Seems like everyone’s angry with Puerto Rico’s federal oversight board.
The U.S. House committee that created the eight-member panel to fix the bankrupt commonwealth’s $74 billion debt crisis is ordering it to get deals done with creditors. Governor Ricardo Rossello, a Democrat, has balked at budget changes that the oversight board wants by reversing labor reforms he unveiled just last week. And many island residents view the federal panel as an insulting expression of colonialism for an island ceded to the U.S. after a war with Spain.