White House confirms position on Puerto Rico

"It is inaccurate to suggest that the Treasury Department is in talks to undertake any of Puerto Rico's obligations," White House spokesman Josh Earnest said during a daily news briefing on Thursday.

"To my layman view, issuing bonds that are backed by the full faith and credit of the U.S., would raise some questions about whether or not we're undertaking their financial obligations."

The statement confirms that any issuance of a "superbond" administered by Treasury would not involve the federal government issuing debt or even guaranteeing debt.

Previously: "Superbonds" a potential game-changed for monolines (Oct. 15 2015)

Previously: Treasury weighs restructuring of Puerto Rico (Oct. 15 2015)

White House confirms position on Puerto Rico