Responses: 7
WSJ excerpt, so much for $41B.
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The indictment is likely to feed concerns within the Trump administration and Congress about Puerto Rico’s capacity to handle billions of dollars in disaster relief money earmarked for repairing damage from the devastating 2017 hurricane season. Federal agencies are tightly controlling Puerto Rico’s access to taxpayer dollars, citing concerns about whether local authorities have put in place the proper safeguards to prevent waste and mismanagement. Meanwhile, the territory is navigating the largest municipal bankruptcy in U.S. history.”
“
The indictment is likely to feed concerns within the Trump administration and Congress about Puerto Rico’s capacity to handle billions of dollars in disaster relief money earmarked for repairing damage from the devastating 2017 hurricane season. Federal agencies are tightly controlling Puerto Rico’s access to taxpayer dollars, citing concerns about whether local authorities have put in place the proper safeguards to prevent waste and mismanagement. Meanwhile, the territory is navigating the largest municipal bankruptcy in U.S. history.”
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