Connect with us

Hi, what are you looking for?

Investing

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

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    The Senate is expected to send a temporary spending package known as a Continuing Resolution (CR) to the White House, averting a government shutdown before...

    Investing

    Sen. Tommy Tuberville’s, R-Ala., colleagues pleaded on the Senate floor early Thursday morning – from midnight until nearly 4 a.m. – to drop his objection to...

    Economy

    In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

    Latest News

    A bipartisan ethics report concludes there is “substantial evidence” that George Santos violated federal criminal laws, which will almost certainly trigger another attempt to...