Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

White House Steps Up Aid for Financially Ailing Puerto Rico

The White House will provide more technical assistance from Washington and more immediate access to money to keep road projects on schedule

File photo of a man waving a national flag as others stand nearby during a protest in San Juan
By The News Whatsapp Twitter Facebook Share
2 years ago

WASHINGTON — The White House says it will step up support for financially ailing Puerto Rico by speeding access to almost $400 million for roads and other public works projects — hoping to spur economic development.

Transportation Secretary Anthony Foxx is visiting the island on Thursday. Other Cabinet secretaries are expected to follow in the months ahead as the Obama administration.

The White House says Foxx will sign an agreement that leads to more technical assistance from Washington and more immediate access to money to keep road projects on schedule.

But the White House also says Congress needs to give Puerto Rico the ability to seek bankruptcy protection under a framework reserved exclusively for U.S. territories.

Puerto Rico has $72 billion in public debt that the governor has said is unpayable.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Despite doping scandals, Olympic fever g ...

24 hours ago
Living

UAEM consolidates academic and scientifi ...

2 days ago
Latest News

Japan public TV sends mistaken North Kor ...

2 days ago
Latest News

Tillerson warns military action on NK un ...

2 days ago
Most Popular

Snapchat, Seagate Among Companies Duped ...

By The News
Business

Robotics Expert: Self-driving Cars Not R ...

By The News
Business

Brazil's Agnelli, Who Turned Vale Into T ...

By The News
Business

Eurozone Economic Confidence Falls to 13 ...

By The News
Business

Apple Loses China Trademark Case for "iP ...

By The News
Business