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 Ricos 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 islands 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