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 did the President state about the Puerto Rico debt during the interview?

What process needs to be followed for the Puerto Rican debt according to the text?