White House sides with Paul Ryan: Puerto Rico bill "not a bailout"

White House Press Secretary Josh Earnest called for Congress to pass bipartisan legislation to assist Puerto Rico, allowing them to restructure their debt. He also joined Ryan’s effort to denounce any attempt to brand the bill as a bailout.

“Just to be clear, because there does appear to be some misinformation that’s being spread about this, this is not a bailout,” he said during the White House press briefing. “I’ve said many times the administration doesn’t support a bailout of Puerto Rico. We don’t. We have never and we don’t now.”

On Wednesday, Ryan blamed “big-money interest groups on Wall Street” who were trying to sabotage the Puerto Rico bill by branding it as a bailout bill.