Trump Would Not Bail Out Puerto Rico if Elected

(C) Lucas Jackson / Reuters / REUTERS

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By Brian Latimer

Presumptive Republican presidential candidate Donald Trump said he would not bail out Puerto Rico if he is elected President.

On Monday Puerto Rico defaulted on a $422 million debt payment. Puerto Rico Gov. Alejandro García Padilla said the island will also not be able to pay the next payment of nearly $2 billion on July 1 as the island suffers from high unemployment and is seeing school and hospital wing closings. CNN's Wolf Blitzer asked Trump what he would do to help solve the Puerto Rican debt crisis.

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"I'm the king of debt — I love debt," Trump said. "The problem with Puerto Rico is they have far too much debt."

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