Saturday, March 3, 2018

Puerto Rico says Treasury abruptly cutting $4.7 billion relief loan to $2 billion

Puerto Rico says Treasury abruptly cutting $4.7 billion relief loan to $2 billion

2/27/2018=29,47,67,22....58th day 307 left
4.7/47 day numerology..its 2/27..227
Puerto Rico=58,130/13
SAN JUAN, Puerto Rico -- Puerto Rico's governor said Tuesday that the U.S. Treasury Department=103/13 122 has cut a $4.7 billion disaster relief loan available to the U.S. territory by more than half, and he demanded help from Congress. 
Gov. Ricardo Rossello=227 said federal officials reduced the amount to $2 billion without providing an explanation nearly five months after Congress approved the loan. He warned the move puts Puerto Rico in a "dangerous financial dilemma"=113,122 and that his administration could be forced to cut some essential services as the island continues to struggle after Hurricane Maria. =139,239/52nd prime
"Any material interruption to Puerto Rico's public services will only exacerbate outmigration of its population to the mainland and further deepen and prolong Puerto Rico's decade-old fiscal and economic crisis," he said. 
Tens of thousands of Puerto Ricans fled to the U.S. mainland after the Category 4 storm, which hit as the island was struggling to restructure a portion of its $73 billion public debt load amid an 11-year recession. 
Rossello said it seems the Treasury imposed certain loan restrictions to make it "extremely difficult for Puerto Rico to access these funds when it needs federal assistance the most." He also said Treasury officials told his administration last week that they do not intend to forgive the loan.

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