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Puerto Rico Governor’s Resignation Shakes Bankrupt Island

  • Rossello’s position became untenable after leak of texts
  • Deserted by cabinet members and aides, he will depart Aug. 2
Bloomberg business news
Puerto Rico Governor Resigns
Updated on

Puerto Rico Governor Ricardo Rossello resigned late Wednesday after two weeks of furious protests, throwing the leadership of the U.S. commonwealth into uncertainty as it struggles back from a ruinous hurricane and navigates a $74 billion bankruptcy.

Rossello, 40, said in a video on Facebook that he would leave office Aug. 2. He was undone by popular fury after the publication of profane, vengeful and misogynistic text messages among him and his aides that disparaged foes and ordinary residents of the island. The stage was set by corruption investigations that have resulted in the indictment of two former administration officials. But Rossello’s exit plunges the island deeper into uncertainty as it tries to revive a recession-scarred economy, pull itself out of bankruptcy and rebuild from 2017’s devastating Hurricane Maria.