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TexasTowelie

(112,159 posts)
Sun Mar 21, 2021, 07:01 AM Mar 2021

Puerto Rico to get $23 billion in Federal Rescue Aid from Biden Administration

WASHINGTON — Puerto Rico’s economy will receive a jolt from billions of dollars of federal aid this year from the American Rescue Plan as the territory works its way out of bankruptcy.

Highlights of that aid include $3 billion for K through 12 schools, $308 million for childcare, and $370 million for rental, mortgage, and homeless assistance, according to Senate Majority Leader Chuck Schumer, D-N.Y.

Households with incomes below the federal income cutoff also will be eligible for $1,400-per-person stimulus payments.

Moody’s Investors Service estimates the legislation overall could provide Puerto Rico with up to $10 billion in federal aid in addition to the over $13 billion it received last year under the CARES Act.

Read more: https://vifreepress.com/2021/03/puerto-rico-to-get-23-billion-in-federal-rescue-aid-from-biden-administration/

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Puerto Rico to get $23 billion in Federal Rescue Aid from Biden Administration (Original Post) TexasTowelie Mar 2021 OP
K&R! Long past time! Rhiannon12866 Mar 2021 #1
Finally! 2naSalit Mar 2021 #2
No more rolls of paper towels. Real aid for wnylib Mar 2021 #3
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