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.
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.
Democrats are trying to bail out insurance companies from disastrous #ObamaCare, and Puerto Rico with your tax dollars. Sad!
— Donald J. Trump (@realDonaldTrump) April 26, 2017
President Trump has tweeted that Democrats want to "bail out" Puerto Rico with taxpayer money.
The Democrats want to shut government if we don't bail out Puerto Rico and give billions to their insurance companies for OCare failure. NO!
— Donald J. Trump (@realDonaldTrump) April 27, 2017
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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