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Trump says will work with U.S. Congress on grants, loans for Puerto Rico
October 19, 2017 / 4:38 PM / a month ago

Trump says will work with U.S. Congress on grants, loans for Puerto Rico

WASHINGTON, Oct 19 (Reuters) - U.S. President Donald Trump said on Thursday he will work with the U.S. Congress to approve grants and loans to help rebuild Puerto Rico after it was devastated by Hurricane Maria a month ago.

Trump, speaking to reporters before a meeting with Puerto Rican Governor Ricardo Rossello, said repayment of federal loans to Puerto Rico will come before repayment of the island’s private debt. Before the hurricane, the bankrupt territory was already struggling with $72 billion in debt.

Reporting by Roberta Rampton and Doina Chiacu

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