The Trump recovery imprint has been far clearer in Gulf Coast states hit by hurricanes this year than on Puerto Rico, according to a New York Times editorial. A double standard in the law was quickly clear after the storm when a federal cap on Puerto Rico’s food stamps limited the amount of emergency food aid.
Puerto Rico in Distress
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House Republicans on Monday night unveiled legislation that would authorize $81 billion in disaster aid for victims of recent storms, a move that quickly drew backlash from conservatives about its impact on the federal deficit, the Wall Street Journal reported.
The governor of Puerto Rico is requesting Congress send billions of dollars in emergency relief before the end of the year as the U.S. territory continues to repair after being pummeled by summer hurricanes, the Washington Examiner. reported. Noting that Congress is set for recess in the coming days, Puerto Rican Gov.
A U.S. bond insurer moved a step closer to executing a proposed $5 billion restructuring deal designed to solve a cash crunch that dates to the U.S. housing bust, WSJ Pro Bankruptcy reported. A Wisconsin judge has paved the way for Ambac Assurance Corp.