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Tracking Recovery Efforts

PBS Nov 13 2017

"WASHINGTON — Puerto Rico’s governor on Monday asked the federal government for $94.4 billion as the island struggles to recover from the damage inflicted by Hurricane Maria, with much of the U.S. territory without power and thousands still homeless."

Only got $5B to start; what's the likelihood of this happening?

"Rosello announced that his team will create a portal that will allow the public to track the status of recovery and funds. That is part of an effort to placate concerns after the Puerto Rico Electric Power Authority selected Whitefish Energy Holdings to help rebuild the island’s electrical system, even though it had just two employees when the hurricane struck.

If this happens, it would help a whole lot of people with their planning.

The contract was canceled on Oct. 29 amid bipartisan criticism from members of Congress and a request by Rossello to void the deal.

On the tax front, Rosello asked Congress to exclude Puerto Rico from a proposed excise tax of 20 percent for merchandise manufactured abroad because products manufactured in Puerto Rico and imported into the U.S. should be treated as domestic products."

What sense is this? It would be a killer.

What's the realistic start of the recovery? Late next year? Or, maybe 2019?

This is a touchy subject. Ill be keeping an eye on it.

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