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

Wednesday, October 11, 2017 | Tag Cloud Tags: , , , , , , , , ,

breaking world news 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...) ]

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2 thoughts on “Trump asks Congress for $4.9-billion loan to Puerto Rico

  1. Let's exchange Puerto Rico for California as the 50th state. That should be another 1.5 million votes for President Trump in 2020. Oh yeah, I see a landslide coming. Watch Out world Elite Rulers.......the Final Trump is getting closer.

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