President Trump on Tuesday raised the prospect of wiping out hurricane-ravaged Puerto Rico's crushing debt load. We will have to wipe that out," Trump told Fox News' Geraldo Rivera in an interview in San Juan, the Puerto Rican capital. Puerto Rico's huge debt burden -- totaling $73 billion -- forced it to file in May for the biggest U.S. municipal bankruptcy in history. Less than 25% of Puerto Rican debt is held by hedge funds, according to estimates by Cate Long, founder of research firm Puerto Rico Clearinghouse. "Puerto Rico cannot go forward with all of this litigation hanging over it," Long said last week.

Source: CNN October 04, 2017 04:51 UTC