President Donald Trump signaled Tuesday night that he wanted to “wipe out” Puerto Rico’s debt. “They owe a lot of money to your friends on Wall Street and we’re going to have to wipe that out,” Trump told Geraldo Rivera of Fox News. “Texas & Florida are doing great but Puerto Rico, which was already suffering from broken infrastructure & massive debt, is in deep trouble,” Trump tweeted on Sept. 25. Puerto Rico has over $70 billion in public debt. “We are going to work something out,” Trump told Fox News.

Source: Huffington Post October 04, 2017 04:41 UTC