Close Menu
  • Home
  • Budgeting
    • Budgeting Basics
    • Credit & Loans
    • Debt Management
    • Family Budgeting
    • Money-Saving Tips
  • Guides
    • Beginner Finance
    • Financial Independence
    • Side Hustles
    • Taxes
  • Investing
    • Alternative Investments
    • Cryptocurrency
    • Real Estate
    • Retirement
    • Stock Market
  • Saving
    • Coupons and Deals
    • Emergency Funds
    • Frugal Living
    • High-Interest Savings
What's Hot

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

July 13, 2025

Bitcoin Breaks Records With 100% Profitable Days And Unmatched Returns

July 13, 2025

The Smarter Web Company Adds 275 BTC To Its Strategic Bitcoin Treasury

July 12, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Clear Finance Guide
  • Home
  • Budgeting
    • Budgeting Basics
    • Credit & Loans
    • Debt Management
    • Family Budgeting
    • Money-Saving Tips
  • Guides
    • Beginner Finance
    • Financial Independence
    • Side Hustles
    • Taxes
  • Investing
    • Alternative Investments
    • Cryptocurrency
    • Real Estate
    • Retirement
    • Stock Market
  • Saving
    • Coupons and Deals
    • Emergency Funds
    • Frugal Living
    • High-Interest Savings
Clear Finance Guide
Home » Biden Asks for Almost $100B in Emergency Disaster Aid
Emergency Funds

Biden Asks for Almost $100B in Emergency Disaster Aid

adminBy adminNovember 19, 2024No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link



President Biden is requesting nearly $100 billion in emergency disaster aid after Hurricanes Helene and Milton, as well as other natural disasters, telling lawmakers that the money is “urgently needed.” The letter Monday to House Speaker Mike Johnson comes as lawmakers meet during a lame-duck session to finish priorities before making way for a new Congress and the incoming Trump administration, the AP reports. Biden said he has met with those harmed by the storms and heard what residents and businesses needed from the federal government. “Additional resources are critical to continue to support these communities,” the president said.

The largest share of the money, about $40 billion, would go to the main disaster relief fund at the Federal Emergency Management Agency. The fund helps with debris removal, repairing public infrastructure, and providing financial assistance to survivors. Biden said the fund would face a shortfall this budget year without an additional infusion. He said that would not only affect the agency’s ability to provide lifesaving assistance to survivors, but would also slow recovery efforts from prior disasters.

  • An additional $24 billion would help farmers who have experienced crop or livestock losses, and $12 billion would go toward helping communities recover through block grants administered by the Department of Housing and Urban Development.
  • Some $8 billion more would help rebuild and repair highways and bridges in more than 40 states and territories. The administration is also seeking $4 billion for long-term water system upgrades to mitigate future damage from natural disasters.
  • The Small Business Administration has run out of money for a program that provides low-interest loans for businesses, nonprofits, and homeowners trying to rebuild after a disaster. Biden is seeking $2 billion for that program. Several other agencies would also receive emergency funds if Congress agrees to the full request.
  • Lawmakers were expecting a hefty number from the administration. Johnson said that Congress will evaluate the request and that “we’ll make sure we deliver for the hurricane victims and the people that have suffered from that.”
  • With many Republicans campaigning on reducing federal spending, there could be debate about portions of Biden’s request. The federal government doesn’t help with every disaster. It generally gets involved only if the needs exceed the ability of a community or state to handle them.
  • Republicans are also outraged that a FEMA employee directed workers helping hurricane survivors not to go to homes with yard signs supporting Donald Trump’s presidential campaign. The agency’s leader, Administrator Deanne Criswell, said the employee was fired and the directive was a clear violation of the agency’s core values to help people regardless of political affiliation.
  • Biden noted that Congress had provided more than $90 billion in aid after Hurricane Katrina nearly two decades ago and more than $50 billion after Hurricane Sandy in 2013. He urged Congress to take “immediate action.”

(More President Biden stories.)





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
admin
  • Website

Related Posts

Emergency Funds

Major changes for DC’s Emergency Rental Assistance Program

November 21, 2024
Emergency Funds

Gov. Moore vows persistent push for Key Bridge funds; thanks Biden for emergency request

November 20, 2024
Emergency Funds

Calgary police firearms facility and emergency funding dominate budget talks – Calgary

November 20, 2024
Emergency Funds

How to Pick a Savings Account for Your Emergency Fund

November 20, 2024
Emergency Funds

Biden Requests $98.6 Billion in Emergency Disaster Aid Funds

November 19, 2024
Emergency Funds

Biden Asks Congress for Nearly $100 Billion in Emergency Disaster Aid

November 19, 2024
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Credit Card Loans Hit Record High Amid Tightened Bank Lending and Sluggish Consumption

November 21, 2024

How family firms could be affected by Budget tax rises

November 21, 2024

Recreation District budgets for potential November ’25 ballot question for pool operations – Canon City Daily Record

November 21, 2024

UK Digital Gilt won’t be issued via Debt Management Office. Does it matter? – Ledger Insights

November 21, 2024
Latest Posts

How to save money on your energy bill this winter

November 21, 2024

Building Wealth Is a Journey – Don’t Rush the Process | Newsradio WOOD 1300 and 106.9 FM

November 21, 2024

Regulators Tell Committee They’ll Pause New Banking Rules

November 20, 2024

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to ClearFinanceGuide, your trusted resource for navigating the world of personal finance and investment! Whether you’re just starting out on your financial journey or looking to optimize your wealth-building strategies, we are here to provide clear, actionable advice to help you make informed financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Most Popular

Is Traditional Real Estate Investing a Dying Breed? How Fractional Ownership is The New Investing Wave

November 9, 20240 Views

FTX sues Scaramucci to recoup money put into showy investments

November 10, 20240 Views

Warren Buffett Recommends Most Investors Buy This 1 Index Fund — and It Could Turn $200 per Month Into $227,000 or More

November 10, 20240 Views

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 clearfinanceguide. Designed by clearfinanceguide.
  • Home
  • About us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.