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Sun Mar 21, 2021, 07:01 AM

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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Reply Puerto Rico to get $23 billion in Federal Rescue Aid from Biden Administration (Original post)
TexasTowelie Mar 2021 OP
Rhiannon12866 Mar 2021 #1
2naSalit Mar 2021 #2
wnylib Mar 2021 #3

Response to TexasTowelie (Original post)

Sun Mar 21, 2021, 07:20 AM

1. K&R! Long past time!

And a lot more useful than a few rolls of paper towels...

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Response to TexasTowelie (Original post)

Sun Mar 21, 2021, 08:41 AM

2. Finally!

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Response to TexasTowelie (Original post)

Sun Mar 21, 2021, 09:39 AM

3. No more rolls of paper towels. Real aid for

Puerto Rican Americans, as it should be.

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