Puerto Rico 🇵🇷 Governor asks Congress for more aid

Ricardo Rosselló, citing an "unprecedented catastrophe," is lobbying Capitol Hill for a significant new influx of money in the near term as the island sits on the brink of "a massive liquidity crisis," according to a letter obtained by CNN.

In a three-page letter sent to congressional leaders, Rosselló is requesting more than $4 billion from various agencies and loan program to "meet the immediate emergency needs of Puerto Rico."

The Trump administration submitted a $29 billion disaster relief request to Congress last week to cover ongoing relief and recovery efforts in the wake of hurricanes Harvey, Maria and Irma, and to pay federal flood insurance claims.

But the administration has also been conducting its own review of Puerto Rico's precarious financial position, sources involved with the process said, with the expectation that additional help will be necessary in the near future.

"This could lead to an acceleration of the high pace of outmigration of Puerto Rico residents to the U.S. mainland impacting a large number of states as diverse as Florida, Pennsylvania, New Hampshire, Indiana, Wisconsin, Ohio, Texas, and beyond," Rosselló wrote.

UCJ, UNILORIN.