- Associated Press - Wednesday, October 7, 2020

SAN JUAN, Puerto Rico (AP) - The White House said Wednesday that U.S. President Donald Trump plans to appoint a man who once advised creditors in financial disputes involving Puerto Rico and Argentina to a federal control board overseeing the U.S. territory’s finances.

Justin Peterson is expected to fill one of two positions left empty after longtime board members recently resigned.

Peterson is a managing partner at DCI, a public affairs firm based in Washington, D.C. He previously worked on the campaigns of former Sen. Elizabeth Dole and former President George W. Bush.

The U.S. Congress created the board four years ago after Puerto Rico announced its more than $70 billion public debt load was unpayable and sought to restructure a portion of it.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide