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Puerto Rico's governor is asking the federal government for USD 94.4 billion as the island struggles to recover from the damage inflicted by Hurricane Maria.
Ricardo Rosello also urged Congress to adopt a tax overhaul plan that addresses the territory's specific needs to avoid an exodus of the companies that currently generate 42 per cent of the island's gross domestic product.
The governor said today that he will formally make his request to the White House and Congress, along with a report with a detailed assessment of damages. Much of Puerto Rico is still without power and thousands of US citizens are homeless.
So far, Congress has approved nearly USD 5 billion in aid for Puerto Rico, where Hurricane Maria caused widespread damage on September 20 and the worst blackout in US history.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)