Trump’s Puerto Rico Comments Rocked These Markets
Mulvaney Says Puerto Rico Won't Get a Debt Bailout
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Puerto Rico’s debt crisis re-emerged with a bang on Wall Street Wednesday.
Shares of bond insurers tumbled and the price of a tranche of the island’s bonds sank to levels equal to those in Venezuela after U.S. President Donald Trump suggested the debt may need to be “wiped clean," while bonds issued by the U.S. Virgin Islands also came under pressure.