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Trump says Puerto Rico's debt will have to be wiped out

While visiting Puerto Rico, President Donald Trump said the island's debt will have to be wiped out
While visiting Puerto Rico, President Donald Trump said the island's debt will have to be wiped out

US President Donald Trump has said Puerto Rico's massive debt will have to be wiped out.

He made the comment while on a trip to the island to observe hurricane recovery efforts.

In an interview with Fox News, he said: "They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out.

"You're going to say goodbye to that, I don't know if it's Goldman Sachs but whoever it is you can wave goodbye to that."

Earlier this year Puerto Rico filed for bankruptcy - the biggest in US municipal history.

The island is struggling to regain economic stability in the face of a $72bn debt load and near-insolvent public health and pension systems.

Meanwhile, the death toll in Puerto Rico from Hurricane Maria has more than doubled to 34, according to a spokesman for Governor Ricardo Rosello.