Friday, February 24, 2006

Hurricane Spending and the Federal Budget

"Last year, three major hurricanes - Katrina, Rita, and Wilma - struck the U.S. Gulf Coast. In response to these disasters, Congress enacted two supplemental appropriations acts to provide a total of $62.3 billion for rescue, relief, reconstruction, and recovery operations. Federal policymakers are now changing their focus from short-term rescue and relief to long-term reconstruction and recovery. This report identifies some key considerations for evaluating such proposals." Source: Joint Economic Committee, United States Congress

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