Biden has approved $1.8 billion for hurricane relief so far

By Trevor Hunnicutt

WASHINGTON (Reuters) -The Biden administration has approved more than $1.8 billion for recovery efforts following hurricanes Helene and Milton, the White House said on Wednesday.

The spending comes as states across the southeastern U.S. work to recover from the back-to-back hurricanes which caused widespread devastation.

Recovery is expected to take a long time. Two storms hit within two weeks of each other, putting strain on federal resources in addition to the tens of billions of insured losses.

Biden has approved federal aid to help residents and local governments cover expenses, including temporary shelter and water, removing debris and restoring power. Some 8,000 federal personnel are currently on the ground to assist the recovery.

The Democratic president has called for U.S. lawmakers — on recess until after the Nov. 5 presidential election — to return to Washington to approve more disaster relief money.

This post is originally published on INVESTING.

  • Related Posts

    Oil prices climb 1% to two-week high as Ukraine war intensifies

    By Scott DiSavino (Reuters) -Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium.…

    Oil prices edge up to 2-week high as Ukraine war intensifies

    By Robert Harvey and Enes Tunagur (Reuters) -Oil prices were set for their biggest weekly rise in almost two months on Friday, gaining 4% as an intensifying war in Ukraine…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    Oil prices climb 1% to two-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices climb 1% to two-week high as Ukraine war intensifies

    Oil prices edge up to 2-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices edge up to 2-week high as Ukraine war intensifies

    COP29 climate summit overruns as $250 billion draft deal flops

    • November 22, 2024
    COP29 climate summit overruns as $250 billion draft deal flops

    Indian opposition parties deny any wrongdoing linked to Adani bribery allegations

    • November 22, 2024
    Indian opposition parties deny any wrongdoing linked to Adani bribery allegations

    Mastering Profit Factor for Trading Success

    • November 22, 2024
    Mastering Profit Factor for Trading Success