Virgin Islands CFO Approved

The U.S. House of Representatives’ Natural Resources Committee passed a bill Thursday to give the Virgin Islands a Chief Financial Officer. The new legislation would allow the CFO to make revenue projections and set spending limits each year during a five-year term. And they would not assume powers of the Office of Management and Budget. Territory voters would be able to vote to keep the CFO for another term. News 2’s Erica Bivens has this exclusive interview.