White House: Irene's Federal Cost $1.5 Billion

Monday, 05 Sep 2011 03:37 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — The White House is estimating that Hurricane Irene will cost the federal government $1.5 billion in disaster relief.

White House budget chief Jacob Lew released that preliminary estimate Monday. He said the $1.5 billion was on top of $5.2 billion needed for other recent disasters, including tornadoes that leveled much of Joplin, Mo.

The spending may touch off yet another partisan fight between President Barack Obama and Congress.

The Obama administration has said last month's debt ceiling deal with Congress allows the money to be spent by adding to federal deficits — a long-time practice for financing emergencies. The House's No. 2 Republican, Majority Leader Eric Cantor of Virginia, has said the disaster spending should be paid for by finding offsetting cuts from the rest of the budget.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Passage of NSA Crackdown Bill May Be Months Away

Tuesday, 23 Sep 2014 12:25 PM

Tech giants have been left hanging by the Senate as lawmakers took off for the midterm elections break without passing a . . .

Oliver Stone Says Putin 'a Strong Person', Backs His Crimea Actions

Tuesday, 23 Sep 2014 12:18 PM

US film director Oliver Stone said in an interview published Tuesday he admired Russian President Vladimir Putin and und . . .

Tony Blair: 'Right' for Obama to Assemble Coalition to Battle ISIS

Tuesday, 23 Sep 2014 12:11 PM

President Barack Obama is right to assemble a broad coalition of nations to battle the Islamic State (ISIS), something . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved