Since this original post the estimates for Harvey financial aid have risen significantly. Will it even be enough?
The cost of hurricane Harvey is now estimated at about $190 B so far.. (NBC news.)
Compare that with the cost of hurricane Katrina in 2005 which was $160 B.
Add in the yet unknown impact of hurricane Irma we are clearly looking at one of the most costly weather events of this generation
Trump seeks an initial $7.9 billion in Harvey aid Contact Editor WASHINGTON has sent lawmakers an initial request for a $7.9 billion down payment toward Harvey relief and recovery efforts. The request, expected to be swiftly approved by Congress, would add $7.4 billion to rapidly dwindling Federal Agency disaster aid coffers and $450 million to finance disaster loans for small businesses. Republican leaders are already making plans to use the aid package, certain to be overwhelmingly popular, to win speedy approval of a contentious increase in the federal borrowing limit.
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