- Home
- World
- News
- Trump Says Not Going to Bail Out Puerto Rico's Debt With Federal Hurricane Recovery Funds
Trump Says Not Going To Bail Out Puerto Rico's Debt With Federal Hurricane Recovery Funds
Rukhshan Mir (@rukhshanmir) Published October 23, 2018 | 10:39 PM
The United States will not bail out Puerto Rico with federal funds allocated for post-hurricane recovery, President Donald Trump said in a statement on Tuesday.
WASHINGTON (UrduPoint News / Sputnik - 23rd October, 2018) The United States will not bail out Puerto Rico with Federal funds allocated for post-hurricane recovery, President Donald Trump said in a statement on Tuesday.
"The US will not bail out [Puerto Rico's] long outstanding &unpaid obligations with hurricane relief money!" Trump wrote in a Twitter post.
Trump added that Puerto Rican officials are trying to use significant amount of government emergency funds to pay off other debts.
Earlier in the day, the Financial Oversight and Management board announced in San Juan it certified a new fiscal plan for Puerto Rico aimed at pulling the US territory out of an economic crisis. It includes energy, infrastructure, pension, and healthcare reforms, as well as cuts to government spending.
According to US media reports, the fiscal plan also includes an additional $20 billion in federal disaster relief funding.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From World
-
NFL will allow players to wear Guardian Cap helmets in games
1 hour ago -
Football: German Bundesliga table
1 hour ago -
Football: Italian Serie A result
1 hour ago -
Football: German Bundesliga results
1 hour ago -
US troops to leave Chad in second African state withdrawal
1 hour ago -
Plastics pollution may be solved without production cap: Canada minister
1 hour ago
-
Biden stalls on menthol cigarette ban fearing Black vote backlash
1 hour ago -
Champions Alcaraz and Sabalenka through in Madrid Open
1 hour ago -
6,000 French police to welcome Olympic torch amid bonus boost
2 hours ago -
Taiwan hit by several quakes, strongest reaching 6.1-magnitude
2 hours ago -
'Ballistic' Bairstow stars as Punjab pull off record T20 chase
2 hours ago -
Tennis: ATP/WTA Madrid Open results - 2nd update
2 hours ago