Puerto Rico disaster aid News

FEMA Chief Says Puerto Rico Needs $50 Billion to Rebuild

The administrator of the U.S. Federal Emergency Management Agency said Friday it will take up to an estimated $50 billion to help rebuild Puerto Rico from Hurricane Maria and warned that the U.S. territory is not ready for another disaster. …

Puerto Rico Agrees FEMA to Approve How Disaster Aid Is Spent

Puerto Rico Governor Ricardo Rossello said the island has agreed to give the Federal Emergency Management Agency unprecedented power to oversee disaster-relief spending, a step that may mollify Congress as the territory seeks billions to recover from Hurricane Maria. Rossello, …

Puerto Rico Bond Insurers’ Stocks Fall After ’60 Minutes’ Episode on Hurricane Maria

Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode aired on Sunday highlighted the extensive damage wreaked on the island by Hurricane Maria. Andrew Gadlin, a research analyst at …

Senate Joins House in Passing $36.5B Disaster Aid with Flood Insurance Funds

The Senate sent President Donald Trump a $36.5 billion hurricane relief bill Tuesday that gives Puerto Rico access to $4.9 billion in low-interest Treasury loans, amid concerns that recovery efforts from the recent disasters will require significantly more funding. The …

House Approves $36.5B Disaster Aid with Puerto Rico, Wildfires, Flood Insurance Funds

The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters. In addition to the U.S. territory of Puerto Rico, which is recovering from devastation wreaked …

$36.5 Billion House Disaster Aid Bill Includes Funds for Puerto Rico, Wildfires, Flood Insurance

House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration. With Congress under pressure to provide urgent help to storm victims in Texas, Florida and …