Friday, September 8, 2017 | Tag Cloud
, Federal Reserve
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(Worthy News) - The Federal Emergency Management Agency is rapidly running out of disaster relief funding as Hurricane Irma slams Puerto Rico and the U.S. Virgin Islands and heads toward Florida.
The federal response to Hurricane Harvey’s devastation in Texas has quickly depleted FEMA’s disaster relief fund, which dropped by $2.14 billion last Thursday to $1.01 billion as of Tuesday. The figures from FEMA were first reported by Bloomberg and later confirmed by NBC News.
"FEMA is scheduled to run out of money by Friday, Sept. 8, just two days before Hurricane Irma is expected to hit Florida," Florida Sens. Bill Nelson and Marco Rubio said in a joint statement. "Unfortunately, the current disaster relief package Congress is considering for Hurricane Harvey doesn’t account for the additional costs FEMA will likely incur as a result of Hurricane Irma." [ Source: NBC News (Read More...) ]
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