Economy

Biden asks Congress for $98 billion in Helene, Milton disaster relief funding

President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged parts of the South.

Biden sent a letter to House Speaker Mike Johnson, R-La., on Monday asking him to quickly take up his supplemental disaster aid request, specifically aimed at helping people affected by storms Helene and Milton.

The White House letter did not specify a total, but Fox News Digital was told it amounts to roughly $98 billion.

‘With the Congress now back in session, I write to request urgently needed emergency funding to provide for an expeditious and meaningful Federal response to Hurricanes Helene and Milton and other natural disasters,’ Biden wrote.

The speaker’s office confirmed it received the request, and it was being reviewed by staff.

Fox News Digital also reached out to Senate Majority Leader Chuck Schumer, D-N.Y.

Congressional leaders on both sides of the aisle have repeatedly said they would stand ready to act on storm relief funds once a cost estimate was made.

Johnson told Fox News Digital in early October that Helene would likely be ‘one of the most expensive storms that the country has ever encountered.’

‘It affects at least six states – a broad swath of destruction across many, many areas – and I think that’s why it’s going to take awhile to assess,’ Johnson said at the time. ‘As soon as those numbers are ready, Congress will be prepared to act.’

Helene barreled into the Southeastern U.S. in late September, killing more than 100 people in North Carolina alone and causing billions of dollars of structural damage.

Hurricane Milton, another deadly storm, hit Florida and Georgia roughly a week later.

Biden’s funding request is expected to cover the FEMA Disaster Relief Fund, and disaster funds for the Small Business Administration, the Environmental Protection Agency and other relevant areas.

It comes as FEMA faces some backlash after an official was caught instructing workers to ignore houses with pro-Trump campaign signs in Florida after Milton and Helene. 

FEMA Administrator Deanne Criswell condemned the incident, which she called an isolated event.

Criswell is due before the House Oversight Committee on Tuesday for a high-stakes hearing.

And while any supplemental relief package is expected to get broad enough bipartisan support to pass, House GOP hardliners are expected to oppose the measure if it does not offset the costs with cuts elsewhere.

This post appeared first on FOX NEWS

You May Also Like

Investing

Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

Editor's Pick

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Stock

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

Economy

The Israel Defense Forces (IDF) announced the death of Fuad Shukr, the Hezbollah commander who was behind a drone strike that killed 12 children...

Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 wisetradeinvesting.com