Politics White House seeks $29B for disaster aid, flood insurance

01:46  05 october  2017
01:46  05 october  2017 Source:   Associated Press

Houston residents move to new emergency shelter at mall

  Houston residents move to new emergency shelter at mall The American Red Cross moved more than 250 people from a Houston convention center to a new emergency shelter in an empty department store.Storm victims began relocating from the NRG Center to the Greenspoint Mall on Friday, The Houston Chronicle reported .

The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance Later this year, the White House is expected to require tens of billions of dollars more in long-term funds that would rebuild infrastructure, help people

WASHINGTON (AP) — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion in new relief for hurricane victims

President Donald Trump poses for a photo as he visits a disaster relief distribution center at Calgary Chapel in Guaynabo, Puerto Rico, Tuesday, Oct. 3, 2017. Trump is visiting Puerto Rico in the wake of Hurricane Maria.(AP Photo/Evan Vucci)© The Associated Press President Donald Trump poses for a photo as he visits a disaster relief distribution center at Calgary Chapel in Guaynabo, Puerto Rico, Tuesday, Oct. 3, 2017. Trump is visiting Puerto Rico in the wake of Hurricane Maria.(AP Photo/Evan Vucci)

WASHINGTON — The Trump administration on Wednesday asked Congress for $29 billion in disaster aid to cover ongoing hurricane relief and recovery efforts and to pay federal flood insurance claims.

The request comes as the government is spending almost $200 million a day for emergency hurricane response and faces a surge in flood claims for federally insured homes and businesses slammed by hurricanes Harvey, Irma, and Maria.

FEMA just got another $6.7 billion to help with hurricane relief

  FEMA just got another $6.7 billion to help with hurricane relief The Federal Emergency Management Agency just added another $6.7 billion to its coffers to help with hurricane relief, a capital injection that comes at a crucial time. The money was expected. Sunday kicked off a new fiscal year and brought a new round of funding for the agency.

WASHINGTON (AP) — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion in new relief for hurricane victims

WASHINGTON — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion in new relief for hurricane victims

White House budget director Mick Mulvaney told lawmakers in officially submitting the request that the federal flood insurance program "is not designed to handle catastrophic losses like those caused by Harvey, Irma, and Maria. The NFIP is simply not fiscally sustainable in its current form."

Mulvaney proposed a package of changes to the flood insurance program that would protect low-income policyholders from big rate hikes and allow the government to drop from the program properties that have been repeatedly flooded.

In the meantime, Wednesday's request proposal would provide $16 billion to pay those flood claims, along with $13 billion for Federal Emergency Management Agency disaster relief efforts. Federal firefighting accounts would receive $577 million as well to replenish them after a disastrous season of Western wildfires.

Trump to request for more disaster relief funds this week: report

  Trump to request for more disaster relief funds this week: report The Trump administration will reportedly ask Congress this week for more relief funds after hurricanes devastated parts of the U.S. The administration plans to request that Congress approve $10 billion to $15 billion for the FEMA disaster relief fund, Politico reported.

WASHINGTON — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion in new relief for hurricane victims

WASHINGTON (AP) — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion for hurricane victims, according to a senior administration official and congressional aides.

Congress last month approved a $15.3 billion aid package that combined community development block grant rebuilding funds with emergency money for cleanup, repair and housing.

The federal flood insurance program is on track to run out of money to pay claims during the week of Oct. 23. Mulvaney said more than 20,000 federal workers have been deployed by various agencies to help in the hurricane recovery effort. The "burn rate" of almost $200 million a day is requiring an infusion of cash into FEMA coffers.

The request would bring the price tag for this year's costly hurricane season to about $44 billion — and that's before rebuilding efforts get under way in earnest. A final estimate is a ways away since damage assessments of Puerto Rico may take some time, but Mulvaney said the administration will submit assessments in time for a budget hoped-for budget agreement later this year.

APNewsBreak: White House to seek $29B disaster aid package

  APNewsBreak: White House to seek $29B disaster aid package The Trump administration is finalizing a $29 billion disaster aid package that combines $16 billion to shore up the government-backed flood insurance program with almost $13 billion in new relief for hurricane victims, according to a senior administration official and top congressional aides.The huge request is expected to be officially sent to Congress on Wednesday, but its outlines were characterized by officials who demanded anonymity because the $29 billion measure is not yet public.The request would address two pressing needs. The first is to pump money into the flood insurance program, which is rapidly running out of cash to pay an influx of claims from victims of hurricanes Harvey

WASHINGTON (AP) — The Trump administration is finalizing a billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost GOP leaders say no action on gun legislation. White House to seek $ 29 B disaster aid package.

WASHINGTON (AP) — The Trump administration is finalizing a $ 29 billion disaster aid package that combines billion to shore up the government-backed flood insurance program with almost billion in new relief for hurricane victims

The year-end package would rebuild infrastructure, help people without insurance restore their homes, and, perhaps, help Puerto Rico reconstitute its shattered electrical grid.

"The hundreds of thousands of people affected by Hurricanes Harvey, Irma, and Maria have suffered enough. Congress must provide whatever is necessary to get these families back on their feet and to rebuild their communities," said House Appropriations Committee Chairman Rodney Frelinghuysen, R-N.J. "This will be a long process, and this next round of funds certainly won't be all that is needed."

Congress is in the midst of an effort to reauthorize the flood insurance program, which critics say makes taxpayers subsidize properties that have repeatedly flooded. A bipartisan effort to reform the program was enacted in 2012. It was significantly watered down just two years later after complaints of huge premium increases and resulting disruptions in coastal real estate markets.

Trump raised eyebrows in a Tuesday interview with Fox News when he said the Puerto Rican government's debt would have to be "wiped out."

"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out," Trump said.

But on Wednesday, Mulvaney told reporters that "we are not going to be offering a bailout for Puerto Rico or for its current bondholders."

Trump surveyed hurricane damage in Puerto Rico on Tuesday. He praised his administration's response, even as lawmakers returning from the island say the president is painting far too rosy a picture.

Rep. Luis Gutierrez, D-Ill., the situation there presents more difficult challenges than disasters in the continental U.S. For instance, without power or internet service, victims of Maria can't go online to register for aid. Housing vouchers are largely useless since the entire Island is devastated. He said many thousands of Puerto Ricans will need to be evacuated to the U.S. mainland.

U.S. House Speaker Ryan in Puerto Rico as Maria costs mount .
House Speaker Paul Ryan is getting a firsthand look at the devastation left by Hurricane Maria in Puerto Rico.Ryan and other members of a congressional delegation met at the airport briefly with officials from the Federal Emergency Management Agency on Friday.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!