The US may be perched on the edge of the “fiscal cliff,” with Republicans demanding spending cuts and Democrats clamoring for tax hikes to reduce the budget deficit.
But, one thing both parties are likely to agree on: spending billions and billions of dollars to help New Jersey, New York, Connecticut, and other states recover from superstorm Sandy.
Within the last two days, the governors of New York and New Jersey have released estimates that they will need a combined $79 billion ($42 billion for New York and $37 billion for New Jersey) to pay for repairs, restoration, and mitigation against future storms. Connecticut expects to send its request in shortly.
Read more: http://www.csmonitor.com/USA/Politics/2012/1128/Sandy-recovery-claims-mount.-How-much-will-a-divided-Congress-pay
But, one thing both parties are likely to agree on: spending billions and billions of dollars to help New Jersey, New York, Connecticut, and other states recover from superstorm Sandy.
Within the last two days, the governors of New York and New Jersey have released estimates that they will need a combined $79 billion ($42 billion for New York and $37 billion for New Jersey) to pay for repairs, restoration, and mitigation against future storms. Connecticut expects to send its request in shortly.
Read more: http://www.csmonitor.com/USA/Politics/2012/1128/Sandy-recovery-claims-mount.-How-much-will-a-divided-Congress-pay
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