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U.S. Territories

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Eugene

(65,752 posts)
Tue Oct 23, 2018, 12:49 PM Oct 2018

Trump accuses Puerto Rico of using disaster funds for other debt [View all]

Source: Reuters

POLITICS OCTOBER 23, 2018 / 11:45 AM / UPDATED AN HOUR AGO

Trump accuses Puerto Rico of using disaster funds for other debt

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday accused Puerto Rico’s politicians of using “massive and ridiculously high amounts of hurricane/disaster funding” to pay off other debts, and said he would not allow a bailout with relief money.

“The U.S. will NOT bail out long outstanding & unpaid obligations with hurricane relief money!,” Trump said on Twitter.

A federally appointed oversight board on Tuesday approved a fiscal reform plan for Puerto Rico over opposition from the island’s elected government. The plan calls for a range of fiscal and structural reforms, reduces government spending and takes into account $20 billion in federal disaster relief funds.

Reporting by Makini Brice; Editing by Tim Ahmann


https://www.reuters.com/article/us-usa-puertorico-fiscal-trump/trump-accuses-puerto-rico-of-using-disaster-funds-for-other-debt-idUSKCN1MX2AO
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