The White House is sending out mixed signals on how it wants to handle Puerto Rico's $74 billion in municipal debt, which has become an even more pressing issue in the aftermath of Hurricane Maria. And the confusion pushed Puerto Rico benchmark bond prices even lower.
Why it matters: Puerto Rico officials have said the government could shut down at the end of October if Congress doesn't provide billions of dollars in emergency funding. But the long-term recovery needs would be much different were Puerto Rico's debt to be wiped out, as Trump initially suggested.
