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The fact that puerto rico is $74 billion in debt, has billions more in unfunded pension liabilities. and the president said something, seeming off the cuff last night, that he can't do. he said, you know, we're talking about waiving all that debt that is owed by puerto rico, which would help it to be able to borrow money. the issue is any expert you ask says the president doesn't have that power. and his own budget director, mick mulvaney said this morning to chris cuomo, i wouldn't take the president's words literally on that one. what do you think? >> well, i tend to agree with the omb direc...

Puerto rico was adding to our -- our budget problems and then he said on fox news that he -- he was advocating for wiping out puerto rico's debt. listen to this. >> well, we're going to work something out. we have to look at their whole debt structure. you know, they owe a lot of money to your friends on wall street and we're going to have to wipe that out. that's going to have to be -- you can say good-bye to that. i don't know if it's goldman sachs but whoever it is, you have to wave good-bye to that. the debt was massive on the island. >> so that's really something. $74 billion in debt the ...

Pointing fingers at washington. one thing president bush did not -- he did not, some of his people pushed back, but the president of the united states did not get involved in personal fights with people that he felt disappointed in, that he thought weren't doing everything they could do. what is about this president or he decides to make this personal. >> there's one thing we need to keep in mind here and this is important. the comments he made on the departure on friday, he made it clear he wants to save lives. he talked about that. but he also made it clear, he hasn't decided yet whether he ...

Fema's budget has 11 billion through next year and two other hurricanes to deal with. that leaves donations. starbucks, verizon and google have pitched in. celebrities like jennifer lopez pledged a million dollars. puerto rico's economy was in trouble way before this storm. it is crippled by $74 billion in debt, the largest u.s. municipal bankruptcy. who holds, who owns the debt? american savers and investors and wall street pros through hedge funds. really interesting to see if donald trump and his experience with debt and getting out from under a lot of debt could maybe be helpful in dealing...

Puerto rico. because it was essentially bankrupt, in $74 billion debt, even before this natural disaster. so, what's needed, really, is a long-term marshal plan for the island. a rebuilding, a recovery, so that people can put their lives back together and the infrastructure can be put back together, as well. and that requires an immediate relief package that congress could do this week or next. >> and it also required a massive dploieployment of u.s. troops to help those people right now. they're ready, they can move if given the order. >> i spoke to general dunford, the chairman of the joint ...