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Barack Obama asks Congress for $60
Barack Obama asks Congress for $60 billion in Sandy aid
 UNITED STATES OF AMERICA , 8-December-2012  3:53:36 AM
President Barack Obama asked Congress Friday for $60.4 billion in federal aid for New York, New Jersey and other states hit by Superstorm Sandy in late October. It's a disaster whose cost is rivaled only by the Sept. 11, 2001 terrorist attacks and the 2005 Hurricane that devastated New Orleans and the Gulf Coast.

Obama's request adds a huge new to-do item to a congressional agenda already packed with controversy on how to resolve the nation's budget woes and avoid the so-called fiscal cliff.

"Our nation has an obligation to assist those who suffered losses and who lack adequate resources to rebuild their lives," Jeffrey D. Zients, deputy director of Obama's budget office, wrote to congressional leaders. "At the same time, we are committed to ensuring federal resources are used responsibly and that the recovery effort is a shared undertaking."

The measure blends aid for homeowners, businesses, and state and local government walloped by Sandy and comes with just a few weeks to go before Congress adjourns. Whether it passes this month or gets delayed in whole or part until next year is unclear. Most of the money - $47.4 billion - is for immediate help for victims and other recovery and rebuilding efforts. There's another $13 billion for mitigation efforts to protect against future storms.

The massive request comes after protracted discussions into late Friday afternoon with lawmakers and officials from impacted areas. Officials from the affected states had requested significantly more money, but they generally praised the request and urged Congress to enact it as quickly as possible.

"This is a powerful first step," said New York Gov. Andrew Cuomo at a news conference in New York City. He said the Obama administration is open to more funding if needed in the future. "We're going to be OK, if we get this funding. This is going to be a significant asset for this state."

From : http://www.ndtv.com  

Posted By : Desi

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