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Wash Journal   Fairfield Ledger
Neighbors Growing Together | Dec 12, 2017

Trump says Puerto Rico debt ‘must be dealt with’

Sep 26, 2017

WASHINGTON (Reuters) — U.S. President Donald Trump said on Monday Puerto Rico is in “deep trouble” after being hit by Hurricane Maria and that its billions of dollars of debt to the Wall Street and banks “must be dealt with.”

“Puerto Rico, which was already suffering from broken infrastructure & massive debt, is in deep trouble,” Trump wrote in a series of posts on Twitter.

“It’s (sic) old electrical grid, which was in terrible shape, was devastated. Much of the Island was destroyed, with billions of dollars owed to Wall Street and the banks which, sadly, must be dealt with.”

Trump did not offer a pathway for dealing with Puerto Rico’s debt. The U.S. territory, struggling with $72 billion in debt, filed the biggest government bankruptcy in U.S. history earlier this year.

Maria, the most powerful hurricane to hit Puerto Rico in nearly a century, devastated the Caribbean island when it struck the U.S. territory with ferocious winds and torrential rains last week.

Puerto Rico Governor Ricardo Rossello on Monday asked for more government aid to avert a humanitarian crisis in the island, which is home to 3.4 million people.

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