[Business Insider] President Donald Trump wants stop giving Puerto Rico federal funding for Hurricane Maria recovery, according to a report from Axios.
According to the report, White House officials told congressional leadership that Trump claimed without evidence that Puerto Rico's government is using the disaster relief money to pay off debt.
Trump can't take disaster funds back that he's already given to Puerto Rico or set aside by Congress, but he reportedly could refuse to sign any future spending bills, according to Axios.
The report comes after a Wall Street Journal article said Puerto Rico bond prices had soared "after the federal oversight board that runs the US territory's finances released a revised fiscal plan that raises expectations for disaster funding and economic growth." |