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Exclusive: Trump agrees to pick up 90 percent of Puerto Rico rebuilding costs

November 2, 2017 10:20 PM
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WASHINGTON - President Donald Trump on Thursday agreed to expand the use of disaster aid to rebuild Puerto Rico's power grid and other infrastructure wrecked by Hurricane Maria, and said the federal government would pick up 90 percent of the costs, a senior White House official told Reuters.

Typically, the federal government pays 75 percent of the costs of rebuilding after disasters.

But the plan, agreed with Puerto Rico Governor Ricardo Rossello, takes into account the massive devastation on the island and its dire financial problems, the official said in an interview.

Source: todayonline.com

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