U.S. Territories
Related: About this forumPuerto Rico to get $23 billion in Federal Rescue Aid from Biden Administration
WASHINGTON Puerto Ricos 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.
Moodys 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/
Rhiannon12866
(225,935 posts)And a lot more useful than a few rolls of paper towels...
2naSalit
(94,208 posts)wnylib
(25,087 posts)Puerto Rican Americans, as it should be.