Mulvaney Says Puerto Rico Won't Get a Debt Bailout

The video discusses the current state of Puerto Rican general obligation bonds, valued at $18 billion, and their drastic price decline. Mick Mulvaney clarifies that there will be no bailout for bondholders, and the debt issue will be addressed through the PROMESA process. Jen Epstein provides insights from her interview with Mulvaney, emphasizing the federal government's focus on storm recovery rather than debt relief.

What is the approximate total value of Puerto Rican general obligation bonds mentioned in the video?

• $10 billion

• $18 billion

• $30 billion

• $25 billion

What was the trading price of the bonds mentioned in the video?

• $0.75 on the dollar

• $0.50 on the dollar

• $1.00 on the dollar

• $0.32 on the dollar

Who did Jen Epstein speak with regarding the Puerto Rican debt issue?

• Mick Mulvaney

• The President

• The Vice President

• The Secretary of State

What did the President suggest about Puerto Rican debt in his interview?

• It should be ignored

• It should be wiped out

• It should be increased

• It should be bought by investors

What process is mentioned as necessary for handling Puerto Rican debt?

• The GATT process

• The PROMESA process

• The NAFTA agreement

• The TPP process