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A surfer?walks into the ocean as?tropical storm?Irene approaches to the island in Luquillo, Puerto Rico, Sunday, Aug. 21, 2011. The storm, packing winds of about 50 mph (85 kph) and tracking westward at 20 mph (32 kph), was expected to strengthen and pass near the U.S. island of Puerto Rico later Sunday or early Monday. (AP Photo/Ricardo Arduengo)

Puerto Rico may be too broke to cover $744 million in environmental funds


More than $744 million in funds for Puerto Rico's clean water efforts and other environmental missions may be at risk since the country is too broke to pay its debts, according to a new report from the EPA Inspector General's office.

The report found no indication that the Puerto Rican government had mismanaged any of the funds it had been given,  but the government's bank did not have a necessary $188 million in funds. An audit found a further $580 million was at risk and may not be repaid for years. 

Our audit found that the EPA could not have predicted or prevented this situation.
EPA report

The EPA did not have any indication that the funds were at risk before 2016, according to the report. The EPA has since "provided adequate oversight" to prevent future financial difficulties.

President Trump has tweeted that Democrats want to "bail out" Puerto Rico with taxpayer money.

puerto rico capitol.jpg
Government workers peer from the Capitol building as they await the arrival of Puerto Rico's new governor in San Juan, Puerto Rico, Monday, Jan. 2, 2012. Ricardo Rossello was sworn in Monday as the U.S. territory prepares for what many believe will be new austerity measures and a renewed push for statehood to haul the island out of a deep economic crisis. (AP Photo/Danica Coto)

Puerto Rico has been in stuck in an ongoing financial crisis, with its owing $70 billion in debt. The lack of funds has caused the government to struggle to provide health care funding, according to a January Treasury Department report.

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