Latest Weather Blog
White House to seek $29B disaster aid package
WASHINGTON - The Trump administration is finalizing a $29 billion disaster aid request that combines $16 billion to shore up the government-backed flood insurance program and almost $13 billion in new relief for hurricane victims.
That's the word from a senior administration official and top Capitol Hill aides.
The government-guaranteed flood insurance program is maxing out on a $30 billion line of credit from Treasury. The upcoming proposal would erase $16 billion of that debt to permit the program to pay claims from Hurricanes Harvey, Irma and Maria.
Another $13 billion is being requested for Federal Emergency Management Agency disaster relief operations.
The request is expected on Capitol Hill as early as Wednesday.
The officials required anonymity because the $29 billion request is being finalized and is not yet public.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Channel 2's Best Bet$: NCAA Super Regionals
Supreme Court decision could mean changes for Louisiana's voting map
'Suitcase bandits' caught on camera using luggage to shoplift from Hammond Dollar...
Iberville Sheriff's Office steps in to help White Castle Police as budget...
Visible progress as DOTD makes big changes to highly trafficked I-10 off-ramp