tsa security check. gregg: new information on a story we have been following closely. the looming debt for puerto rico. january 1, the commonwealth will be on the hook for $1 billion in payments. congress staying out of it for now at least. even though there is growing concern about the repayment process. adam shapiro live now with that story. the u.s. treasury secretary jack lu appeared on the fox business network saying port are you cove will default on its interest payments this friday. the detall on the debt payments will impact millions of americans who are invested in those mutual funds. they have been taking money
meet debt payments. he certainly got more than $1 million from his father he benefitted as a young developer. his father was deeply tied into the manhattan political machine. the democratic machine. and through those relationships, the trump family got enormous tax abatements on projects they built when he redeveloped the grand hyatt, he got $111 million in tax abatements that over 40 years. to be fair to him, he s always acknowledged his dad was big in construction in brooklyn and queens, i mean, construction in manhattan is another kind of thing, isn t it? it does say something about donald trump that he wanted to come to manhattan and make his money here? absolutely. i think he did something in manhattan. his father probably could never
sold off the real estate empire and at least $125 million. he had a trust fund his father set up for him when he was a young man. you told me once of a case where his dad bought a bunch of chips at a casino. correct, in the early 90s when the casino empire was in trouble and having trouble making debt payments in 1990, fred appeared at the trump castle and bought about more than $3 million worth of chips and so donald had the cash to meet debt payments. he certainly got more than $1 million from his father he benefitted as a young developer. his father was deeply tied into the manhattan political machine. the democratic machine. and through those relationships, the trump family got enormous tax abatements on projects they built when he redeveloped the grand hyatt, he got $111 million
because of is infrastructure projects. and for iran to bring its oil industry back to where it was just five years ago, they would have to invest several hundred billion dollars. so, yes, it is probable fair to say something may find its way to some bad or nefarious activity, but the activities that we have objected to that iran has engaged in are not fueled primarily by money. and much of the terrorism that has been supported in the region is done on the cheap, not because of money. so i do not believe nor does our intelligence community that the money released by this, which is not hundreds of billions but about 50 to 55 billion, that that money will be determinative in any way regarding the security of the region. mr. secretary, a lot of attention was paid to the head of the iranian revolutionary guard this week saying that the united states remains and is the
that which iran had only answered one of them and even then not to their entire satisfaction. so that was an issue as well how much iran was prepared to be forth coming about what pmd it might have been involved in in the past. nic robertson live for us in vienna as we hope to see the fruits of the labor of the diplomats who have been working for northsmonths on a potential final deal. it will be followed by a press conference. the writing is on the wall is a we will wait and see. we ll see you again shortly. thanks. eurozone leaders are expected to meet in brussels to work on a short-term plan to help greece make some debt payments. another deadline looms in greece. the prime minister is trying to get lawmakers to accept a third