Trump asks Congress for $4.9-billion loan to Puerto Rico


(Worthy News) – U.S. President Donald Trump asked Congress on Tuesday for a loan of $4.9 billion to help the cash-strapped Puerto Rican government pay urgent bills as the U.S. territory struggles to recover from Hurricane Maria, an administration official said.

The request came as the oversight board charged with resolving Puerto Rico’s debt crisis warned the U.S. territory was at risk of being unable to pay for essential services such as salaries for teachers, first responders and healthcare providers.

“The best estimate of the Financial Oversight and Management Board (FOMB) and government is that the commonwealth will run out of money at the end of this month,” the board told U.S. Treasury Secretary Steven Mnuchin in a letter on Tuesday evening. [ Source: Reuters (Read More…) ]

11
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X
Join the Truth Social discussion

Latest Worthy News

NASA Unveils $1B Moon Base Push Amid Cost Questions
Federal Judges Temporarily Block Alabama Redistricting Map
After U.S. Strikes, Iranian Supreme Leader Again Calls For ‘Death To America’ As Trump Cabinet Meets
Netanyahu Orders Deeper IDF Ground Operations in Southern Lebanon as Hezbollah Drone Threat Grows
Trump Draws A Hard Line On NATO As U.S. Moves To Cut Europe’s Military Safety Net
Mob Storms Ebola Hospital In Congo Amid Growing Outbreak
French Police Detain Teenagers After Boy Found Dead In Rennes
Austrian Tourists Die After Bridge Collapse In Indonesia
US Strikes Iran Despite Ceasefire As Trump Pushes Abraham Accords
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News