President Trump has approved an emergency declaration for Puerto Rico to enable federal assistance, with Tropical Storm Dorian fast approaching and the U.S. territory on hurricane watch — as forecasters warn it could take a direct hit Wednesday.
Why it matters: Puerto Rico is struggling to recover from Hurricane Maria. It declared bankruptcy in 2017 amid "the biggest government financial collapse in United States history." Puerto Rico Gov. Wanda Vázquez Garced has already signed an executive order declaring a state of emergency on the island, per Bloomberg's Michael Deibert.