Friday, 2 March 2018

Puerto Rico cries foul after Treasury delays, decreases hurricane disaster loan

The U.S. Treasury has delayed, cut in half, and imposed special conditions on the post-hurricane loan that Puerto Rico was supposed to receive from the U.S. government, Gov. Ricardo Rossello complained in a letter to congressional leadership on Tuesday. “The damage and devastation from Hurricanes Irma and Maria left no doubt that Puerto Rico was in desperate need of federal assistance to restore and maintain essential services for the Island’s 3.4 million residents,” Rossello wrote. Four months after the community development loan was approved by Congress, the island has still not received the money. Rossello said in his letter to congressional leadership that the Treasury told him last week
Source:  Yahoo News

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