The 9/11 compensation fund is running out of money

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The 9/11 compensation fund is running out of money
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The fund for victims of the terrorist attack is struggling to meet all claims

BOILER-PIPE: print icon ON SEPTEMBER 12TH 2001, John Feal, a demolition worker, went to the fiery pit that was Ground Zero to help recover those lost and to help clean up the rubble of the World Trade Centre. Five days later an 8,000lb piece of steel fell on his foot, crushing it. After nearly dying from infections and losing part of his foot, Mr Feal found out that he was not eligible for financial help for his medical care.

On February 15th Rupa Bhattacharyya, the fund’s special master, announced that there is not sufficient funding to pay the 19,000 pending claims and the thousands more expected. The $7.4bn fund is running out of money. So far, $5bn has been distributed to 21,000 eligible claimants, leaving just $2.4bn to compensate all pending and anticipated future claims through to the end of 2020. To ensure everyone gets some compensation, Ms Bhattacharyya is reducing the awards.

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