association. the national flood insurance program, already deep in the red and more than $575 million to combat wildfire southwest. today after president trump told fox news the administration would help rated puerto rico of its debt, his budget director is walking that back. they owe a lot of money to your friends on wall street. we are going to have to wipe it out. you can take about that. it doesn t mean the federal government is going to be bailing out toward rico s long-term debt situation. i think what you saw there was the president focusing on the reality that in order to get its long-term fiscal operation back in order, puerto rico is going to have to figure out a way to restructure its debt. bret: the u.s. territory has been struggling to pay back $73 billion in debt and damage from hurricanes has obviously compounded the problem.