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Detailed text transcripts for TV channel - MSNBC - 20171008:18:43:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171008:18:43:00

There is no way they will get back to prosperity having that debt hanging over them. the mesa process, which is a bill that passed two years ago, is going to have to find a way to relieve puerto rico of that debt. it doesn't mean we'll wave a wand and wipe out their debt and it also doesn't mean we'll bail them out, because we're not. >> but you will work with them in some form to mitigate this debt? >> absolutely. listen, we're going -- well, to mitigate the debt. we are going to work with them to rebuild the island, there is no question about that. how they deal with their long-term debt is ...

Detailed text transcripts for TV channel - MSNBC - 20171008:23:42:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20171008:23:42:00

>> sure. i talked to him about this at lengths after the puerto rico trip. puerto rico is $79 billion in debt, depending how you want to count it. there is no way they will get back to prosperity having that debt hanging over them. the mesa process, which is a bill that passed two years ago, is going to have to find a way to relieve puerto rico of that debt. it doesn't mean we'll wave a wand and wipe out their debt and it also doesn't mean we'll bail them out, because we're not. >> but you will work with them in some form to mitigate this debt? >> we're going to work with them to rebuild the i...