Ryan on Trump Wiping Out Puerto Rico’s Debt: I Have to Refer You to the W.H.

EXCERPT:

RYAN: "I will have to refer you to the White House on that. First of all, as you know, we had the board in place, so that is already in place. So there's no need to redo that legislation because that legislation and that board is already in place doing their work. As Jennifer mentioned, like we did in Katrina with New Orleans, when the local government gets its tax base wiped out, there's a loan program to help replace that tax-base on an emergency basis. That's something we just added to that bill. Because their tax base has been wiped out, just like we did with respect to Katrina."