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Transcripts For CSPAN Newsmakers 20160515

Talk congressman john bishop rob bishop. Then, journalists discuss the leak of the panama papers. 12 50 p. M. , president obama gives the commencement speech to the graduating class of rutgers university. ,st this week on newsmakers the chairman of the Natural Resources committee, Representative Rob Bishop republican of utah, thank you for being with us, sir. We also have with us Nick Timiraos, economics correspondent for the wall street journal, and Mary Clare Jalonick, congressional reporter with the Associated Press. Lets begin with what the financial situation is in puerto rico and how do you view it, sir . Rep. Bishop the financial situation is horrible for them. They have not had audits in the last two years. No one knows what is assets and what is not. We know they have about a 70 billion bonded indebtedness, and about a 44 billion asset deficit in their pension fund, and they dont have the resources to pay that. Something has to put this financial house back in order. Host and

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