Last Update 18:29
Sunday, 20 October 2019

Trump says Puerto Rico in trouble after hurricane, debt 'must be dealt with'

Reuters , Tuesday 26 Sep 2017
Puerto Rico
File Photo: A neighbourhood is flooded after the area was hit by Hurricane Maria in Catano municipality, southwest of San Juan, Puerto Rico on September 21, 2017 (Photo: Reuters)
Share/Bookmark
Views: 1659
Share/Bookmark
Views: 1659

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.

Puerto Rico's government on Monday asked a judge for up to four extra weeks to meet key deadlines in its bankruptcy case after Hurricane Maria brought its fragile infrastructure to its knees.

White House spokeswoman Sarah Sanders told reporters in Washington that the administration was engaged in a fact-finding process to figure out how much help Puerto Rico needs.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.