The Institutes

Catastrophic storms’ costs put cloud over federal budgets

 Thursday, December 6, 2012

The three states hardest hit by super-storm Sandy in October are requesting $80 billion in emergency funding, raising long-term questions about the federal government’s planning for seemingly ever-more expensive disaster spending. In his press briefing Tuesday, Senate Majority Leader Harry Reid told reporters, “I met with Gov. (Andrew) Cuomo (of New York) yesterday; I understand Gov. (Chris) Christie (of New Jersey) is coming today or tomorrow.” Reid said he met with a White House aide Tuesday morning on the emergency spending and predicted that Congress would get a formal spending request “in the next 48 hours” from the White House.
Legislation & Regulation