How much aid will Puerto Rico get from US government?
U.S. aid to Puerto Rico seen topping $30 billion: congressional aide. WASHINGTON/SAN JUAN, Puerto Rico (Reuters) - Puerto Rico is likely to need far more than $30 billion in long-term aid from the U.S. government for disaster relief and rebuilding efforts following Hurricane Maria, a senior Republican congressional aide said on Thursday.
How much will the Trump administration give Puerto Rico for infrastructure?
The Trump administration says it will award nearly $13 billion in infrastructure grants to help the island recover from the storm that hit three years ago.
What happened to Puerto Rico's Trump Golf Club?
Puerto Rico had been hard hit by a recession, and the club had taken on substantial debt and was suffering annual losses for years before Trump's company intervened.
Did the Trump administration DeLay $20bn in Puerto Rico aid?
Buildings damaged by Hurricane Maria in Lares, Puerto Rico, in 2017. The hurricane killed thousands of people. Photograph: Lucas Jackson/Reuters The Trump administration delayed more than $20bn in hurricane relief aid for Puerto Rico after Hurricane Maria, according to a report by the housing department’s office of the inspector General.
How much was delayed in Puerto Rico after Hurricane Maria?
The Trump administration delayed more than $20bn in hurricane relief aid for Puerto Rico after Hurricane Maria, according to a report by the housing department’s office of the inspector General.
What is the purpose of the Puerto Rican study?
The study aims to elaborate on the causes and factors that contributed to the deaths.
What was the main hurdle in the grant approval process?
One of the main hurdles was the requirement imposed by the Office of Management and Budget, which established an interagency review before grant approvals, according to a report from the Department of Housing and Urban Development (Hud). The process, which was never before required for allocating disaster funds, prevented Hud from publishing its draft notice of funding by the target date.
Who conducted the report on the CDBG-DR?
The report was conducted after a request from representatives Nydia Velázquez, Bennie Thompson, and Raúl Grijalva to investigate several allegations that had been reported in a January 2019 Washington Post article related to the Community Development Block Grant Disaster Recovery Program (CDBG-DR) funds appropriated for Puerto Rico.
How much aid did Trump give Puerto Rico?
Trump Administration Announces Nearly $13 Billion In Aid For Puerto Rico The White House said on Friday that FEMA will award two grants to help rebuild Puerto Rico's electrical grid system and education infrastructure after 2017's Hurricane Maria.
How much money did the White House give Puerto Rico?
The White House said $9.6 billion in federal funding will help the Puerto Rico Electric Power Authority "repair and replace thousands of miles of transmission and distribution lines, electrical substations, power generation systems [and] office buildings," and make other improvements to the grid.
How much did Trump give to Puerto Rico after Hurricane Maria?
Workers restore power lines damaged by Hurricane Maria in Barceloneta, Puerto Rico, in 2017. The Trump administration says it will award nearly $13 billion in infrastructure grants to help the island recover from the storm that hit three years ago.
What did Biden do during his visit to Florida?
During a visit to Florida this week, Biden focused outreach efforts on the Puerto Rican community and announced a plan to assist with the island's recovery from economic challenges as well as natural disasters.
How many grants will the Federal Emergency Management Agency give to Puerto Rico?
The Federal Emergency Management Agency plans to award two separate grants to help rebuild Puerto Rico's electrical grid system and educational facilities, the White House announced Friday.
When will Puerto Rico receive aid?
Earlier this year, HUD released its hold on more than $8 billion in aid, which was supposed to reach the island in September 2019. Recovery efforts following hurricanes Maria and Irma have been slow in Puerto Rico, and the Trump administration has faced criticism over its response.
Is Biden courting Latino voters in Florida?
On Friday, Democratic lawmakers raised questions about the timing of the funding announcement. Both Trump and Democratic nominee Joe Biden are courting the Latino vote in Florida, a major swing state.
How much money does Puerto Rico need?
WASHINGTON/SAN JUAN, Puerto Rico (Reuters) - Puerto Rico is likely to need far more than $30 billion in long-term aid from the U.S. government for disaster relief and rebuilding efforts following Hurricane Maria, a senior Republican congressional aide said on Thursday.
How much money did Paul Ryan give to Hurricane Relief?
U.S. House of Representatives Speaker Paul Ryan said on Thursday that $6.7 billion in approved hurricane relief funding would be given to federal emergency officials in two days to help victims of three recent storms, including the most recent one that hit Puerto Rico.
How much damage did Hurricane Maria cause?
Risk-modeling firm RMS said on Thursday that it estimated insured losses from Hurricane Maria of $15 billion to $30 billion, with Puerto Rico and Dominica suffering the most destruction.
What did Trump do to boost disaster relief?
Trump on Tuesday agreed to boost federal disaster assistance, ordering increased funding be made available to assist with debris removal and emergency protective measures. The question remains how large any package might be.
Does the White House think it needs to address the island's debt?
The White House does not think it needs to address restructuring the island’s debt in its next request for funding from Congress, Tom Bossert, the White House homeland security adviser, told reporters on Thursday.
Is debt forgiveness possible in Puerto Rico?
Bondholders and investors have said that debt forgiveness would be unlikely as it could be politically difficult and lead to lawsuits. The more likely scenario would be that FEMA and the federal government extend to Puerto Rico aid that can be used to rebuild the island, while creditors continue to negotiate the underlying debt problems in ...
How much money did Trump give Puerto Rico after Hurricane Maria?
The announcement comes three years after Hurricane Maria. The Trump administration announced today that it has released $13 billion for Puerto Rico to rebuild from the devastation caused by Hurricane Maria. The announcement comes days before the third anniversary of the hurricane. It's money the island's residents have been waiting for a long time.
How much money did FEMA give Puerto Rico?
FEMA Approves $13 Billion In Aid For Puerto Rico The Federal Emergency Management Agency has approved $13 billion for the reconstruction of Puerto Rico's power grid and education system. The announcement comes three years after Hurricane Maria.
How many days before the election is NYDIA Velazquez throwing paper towels?
So it seemed so obvious why this is happening 46 days before Election Day.
What is the purpose of the money from Hurricane Maria?
FLORIDO: So the money has two very specific purposes. The majority of it, about 10 billion, is to rebuild and strengthen the power grid, which the hurricane completely destroyed. This is money to repair and strengthen the island's massive power plants, thousands of miles of electric cables, tens of thousands of power poles, work that officials say is going to make the grid much stronger than it was before the storm because remember that even before Hurricane Maria, it was a very fragile power grid because of decades of neglect. And then another 3 billion or so is going to go to repair and rebuild damaged schools . This is the island's nonvoting representative in Congress, Jenniffer Gonzalez Colon, at a press conference in San Juan today.
When did Hurricane Maria hit Puerto Rico?
PFEIFFER: Adrian, it was almost three years to the day that Hurricane Maria hit Puerto Rico, September 20, 2017. Parts of the island went close to a year without power.
Did Franco talk about Puerto Rico?
PFEIFFER: Franco, the president talked about this funding at the White House today. And he has had a strained relationship with Puerto Rico over time. How much is this trying to fix that relationship?
Who said "I'm the best thing that ever happened to Puerto Rico"?
PRESIDENT DONALD TRUMP: And I have to say in a very nice way, a very respectful way, I'm the best thing that ever happened to Puerto Rico - nobody even close.
What happens if you are taxed at 35% in Puerto Rico?
If you are taxed at 35% in the US mainland and 4% in Puerto Rico, you will try to move all your profits to Puerto Rico, where they will remain largely untaxed. That is exactly what companies do…many times they will assign the patents for biopharmaceutical products to Puerto Rico, and as the patent holder the Puerto Rico corporations have a right to a significant share of profits. Thus a pill that costs only $1 to make by, say, Pfizer in Puerto Rico could easily be sold by Pfizer Puerto Rico to Argentina for $50. Huge profits! Then Pfizer will move that money out of Puerto Rico for productive use worldwide. You see, those $49 did not come from your or my wallets as Puerto Rico residents. They are a result of an international tax strategy, all perfectly legal, that multinationals use to concentrate their profits in low-tax jurisdictions. Yet @EconRivera implies, and later explicitly tells me in a tweet, that this money comes out of our pockets. THIS IS A LIE.
Does a Pell grant check trade?
You cannot use that in the same mathematical column as the stuff that is in the 1st half of the chart. A Pell grant check does not trade.
Is Puerto Rico a colony?
The info graphic seems to explain some reasons why Puerto Rico continues to be a colony and the many disadvantages that face the island. (See my latest post on my thoughts of the Oversight Board)
Did Pfizer move money out of Puerto Rico?
Then Pfizer will move that money out of Puerto Rico for productive use worldwide. You see, those $49 did not come from your or my wallets as Puerto Rico residents. They are a result of an international tax strategy, all perfectly legal, that multinationals use to concentrate their profits in low-tax jurisdictions.