Home > Puerto Rico Asks U.S. Congress For $139 Billion Recovery

News
Puerto Rico Asks U.S. Congress For $139 Billion Recovery

Description

Puerto Rico submitted a recovery plan to the U.S. Congress on Wednesday that would cost approximately $139 billion. Reuters reports that the plan costs 47 percent more than the bankrupt U.S. commonwealth requested in November. Puerto Rico’s financial problems led to bankruptcy in May 2017 and were compounded by major hurricanes that hit the island in September.

Added on the 09/08/2018 13:10:27 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Puerto Rico Asks for $18 Billion to Help Recover

    NEW YORK (Reuters) - Puerto Rico Governor Ricardo Rossello released a revised fiscal plan on Tuesday that will use $18 billion of additional money from the U.S. federal budget to transform the bankrupt island’s deficit into a $3.4 billion surplus within six years. The injection of new funding from the federal budget, enacted earlier this month, will let the U.S. territory shift its recovery plan again and make changes requested by its federally appointed financial oversight board. But after the hurricanes, the government forecast a $3.4 billion gap for the same period that would not allow any repayment of the island’s debt.

    14/02/2018 - Wochit
  • Puerto Rico To Receive Nearly $5 Billion In Medicaid Federal Aid

    According to two Senate Democratic aides and Puerto Rico’s governor, a $90 billion disaster aid package agreed on by U.S. lawmakers on Wednesday would include nearly $7 billion in aid to storm-battered Puerto Rico and the U.S. Virgin Islands. The deal is likely to be voted on in Congress this week. The aides said would send $6.8 billion to the two U.S. territories devastated by Hurricanes Irma and Maria in September. They were not authorized to speak with press and requested anonymity. Puerto Rico Governor Ricardo Rossello issued a statement saying his island would receive about $4.8 billion to shore up its Medicaid program for the poor. The program is close to running out of money.

    08/02/2018 - Wochit
  • House Passes Massive Disaster Aid Package

    The House approved an $81 billion emergency aid package to help communities in Texas, Florida, Puerto Rico and California rebuild after a spate of natural disasters. The far-reaching bill, with huge sums for FEMA, housing and public works programs, nearly doubles the White House’s own disaster relief request last month. But the legislation faces opposition in the Senate, making it unclear if the aid will be delivered by year’s end.

    21/12/2017 - Wochit
  • Tax Bill Could Undermine Puerto Rico's Recovery

    SAN JUAN, Puerto Rico (Reuters) - Puerto Rico Governor Ricardo Rossello on Tuesday urged the U.S. Congress to address issues in the Republican tax bill that he said would harm the island’s economy, which is already reeling from the devastation of Hurricane Maria and years of financial hardships. Even before Maria laid waste to the island three months ago, Puerto Rico was contending with $72 billion in debt. Rossello has asked the U.S. government for a total of $94.4 billion in aid, including $31.1 billion for housing and $17.8 billion to rebuild the ruined power grid.

    20/12/2017 - Wochit
  • Trump Cabinet Officials to Visit Puerto Rico to Assess Recovery Efforts

    Two members of President Donald Trump’s Cabinet are set to visit Puerto Rico on Tuesday to assess the U.S. territory’s rebuilding in the three months since Hurricane Maria devastated homes, businesses and the power grid. Homeland Security Secretary Kirstjen Nielsen and Housing and Urban Development Secretary Ben Carson will travel to Puerto Rico, where about a third of the island’s 3.4 million residents are still without power, hundreds remain in shelters, and thousands have fled to the U.S. mainland. The visit comes as Republicans in the U.S. House of Representatives on Monday were planning to unveil a disaster aid package totaling $81 billion, according to a senior congressional aide. Some of that aid would go to Puerto Rico, but also to states like Texas and Florida that were hit by other hurricanes and to California, which is grappling with wild fires. The Federal Emergency Management Agency (FEMA) has so far approved more than $660 million in aid for individuals in Puerto Rico as well as more than $450 million in public assistance.

    19/12/2017 - Wochit
  • Faut-il renforcer la taxe Gafa ? Mounir Mahjoubi : "Pourquoi pas"

    @PascaledeLaTour : "Envisagez-vous de déposer un amendement pour renforcer l'efficacité de la taxe ?". @mounir : "Pourquoi pas mais on a voté une taxe qui va permettre de rapporter entre 400 et 600 millions, c'est déjà la moitié du chemin". #LaMatinaleLCI @LCI #La26.

    25/09/2019 - LCI