Puerto Rico bonds sink; White House says no debt bailout

San Juan Mayor Carmen Yulín Cruz continues to be the voice of hope for Puerto Rico.

Puerto Rico was ravaged by Hurricane Maria on September 20 and President Trump was visiting the island on Tuesday.

Before leaving Washington, he said Puerto Ricans who have called the federal response insufficient "have to give us more help".

'The Mayor of San Juan, who was very complimentary only a few days ago, has now been told by the Democrats that you must be nasty to Trump, ' he wrote on Twitter last week. You may recall him doing the same thing to Hillary Clinton, when calling Clinton a "nasty woman" during the 2016 presidential debates - a statement which American women have since used to oppose Trump.

As of Friday, power has only been restored for 10.7 percent of the island and 55.5 percent of people have drinking water, according to status.PR, a Spanish-language website maintained by the governor's office. "But I will tell you, the first responders, the military, FEMA, they have done an incredible job in Puerto Rico".

Two weeks after the storm knocked out 100 percent of the island's power, only 8.6 percent has been restored in a process that is expected to take months, the governor said Wednesday.

"The Punta Santiago fishing pier, about a half-mile away and which had survived so many hurricanes before it, was now - quite literally - in Mom's back yard", he wrote in an email updating his friends and family on the USA mainland.

At a church converted into a relief center, Trump handed out bags of "Arroz Rico" rice; he shot rolls of paper towels into the ground, basketball style; he picked up items from a supply table, showed to them to the crowd, and handed them to people with outstretched hands.


"I wish it could be even more", Cisneros said, adding that she's been frustrated to hear Trump bring up Puerto Rico's debt and the cost to the federal government for the recovery effort. Trump also singled out Gov. Ricardo Rossello for "giving us the highest praise".

Cruz criticized the Trump administration's hurricane response to the island.

With its economy in recession and its population declining, Puerto Rico has been unable to pay much of what it owes, leading to a protracted legal fight between the government and its bondholders.

All of Puerto Rico undoubtedly needs a lot of help recovering and rebuilding from these hurricanes, and the federal government should do what it can to help.

At press time, President Trump was scheduled to visit Puerto Rico on Tuesday.

President Donald Trump signaled Tuesday night that he wanted to "wipe out" Puerto Rico's debt. "And that's fine. We've saved a lot of lives".

Puerto Rico's bonds, which have been falling since Hurricane Maria struck, took a sharp plunge Wednesday.

"They want everything to be done for them when it should be a community effort", he added, scoffing at "politically motivated ingrates" who had criticized the federal work, and insisting that "tremendous progress" was being made.


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