Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual Funds assets grow 92% as investors increase patronage
    • Focused Fund Explained: Definition, Functionality, and Examples
    • SEC to Decide Bitwise 11 Altcoin ETFs in March 2026, Here’s Everything
    • Bloomberg defers inclusion of Indian government bonds in Global Aggregate Index: Report
    • The Premium Bonds winners in Iran, Russia and Syria who have scooped £17,400 in prizes since 2020
    • Coutts in talks with Apollo and Ares over private markets funds for rich clients
    • Indian bonds inclusion in Bloomberg Global Aggregate Index deferred, review open
    • 7 Dividend ETFs I’d Buy Today and Hold for the Next 20 Years
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Rep. Maxwell Frost says Congress should return “as soon as possible” to replenish disaster relief funds
    Funds

    Rep. Maxwell Frost says Congress should return “as soon as possible” to replenish disaster relief funds

    October 13, 2024


    Rep. Maxwell Frost, Democrat of Florida, said Sunday that Congress should return “as soon as possible” to replenish disaster relief funds and not wait until Nov. 12 when Congress is scheduled to reconvene.

    “Why wait until Nov. 12? We don’t know what’s going to be happening in terms of natural disasters or storms,” Frost said Sunday on “Face the Nation with Margaret Brennan.”  “I think it’s important that an agency like FEMA have even — not just what they need, but even more than what they need to ensure that they have the resources necessary, of course, to help with the current operation.”

    In late September, Congress passed a short-term spending bill that authorized FEMA to utilize the agency’s fiscal year 2025 resources sooner, drawing $20 billion from its disaster relief fund. However, the stopgap spending bill did not include billions of additional dollars that the White House Office of Management and Budget had requested for already existing recovery efforts. 

    Hurricane Helene made landfall on Sept. 26 in Florida’s Big Bend region before causing devastating floods in Tennessee and North Carolina. Less than two weeks later, powerful Hurricane Milton slammed into Florida’s Siesta Key. 

    1728833346362.png
    Rep. Maxwell Frost on “Face the Nation with Margaret Brennan,” Oct. 13, 2024.

    CBS News


    FEMA Administrator Deanne Criswell said Wednesday that the agency is currently able to “support all of the needs of everyone that was impacted by Helene and Milton,” but that the agency expects to need additional funds in the future.

    President Biden on Thursday called on lawmakers to “move as rapidly as they can” on emergency funding, particularly for Small Business Administration disaster money, which is running precariously low. However, the president said he hasn’t spoken with House Speaker Mike Johnson or asked him to bring Congress sooner. Mr. Biden on Sunday announced $600 million in aid for areas affected by Hurricanes Milton and Helene while he was touring the damaged St. Petersburg region in Florida.

    So far, congressional leaders have not called for lawmakers to return to Washington before Nov. 12 to address additional disaster funding.

    A group of bipartisan senators signed a letter urging Senate leaders to bring lawmakers back into session, saying, “this may even require Congress to come back in October to ensure we have enough time to enact legislation before the end of this calendar year.” House lawmakers also sent a letter to Speaker Mike Johnson requesting that the House reconvene to allocate further disaster relief aid.

    Johnson said Sunday on “Face the Nation” that FEMA has the necessary funding to last until Congress’ return to Washington in November.

    “It can wait… because remember, Congress appropriated $20 billion additional to FEMA so that they would have the necessary resources to address immediate needs,” Johnson said. “It would be premature to call everyone back now, because these storms are so large in their scope and magnitude, it’s going to take a little bit of time to make those calculations.”

    Frost argued Sunday that Congress should proactively provide more disaster funding and not wait until after more damage is caused by this year’s disastrous hurricane season.

    “The thing we have to understand is, yes, FEMA has the resources necessary to deal with the current situation, but like was mentioned in the previous segment, NOAA is predicting, and we’ve seen, that this is one of the worst hurricane seasons we’ve seen.” Frost said. “We’re not done with this hurricane season, it doesn’t end, really, till the end of November… why leave it up to chance when we can ensure that FEMA has the resources it needs?”

    Homeland Security Secretary Alejandro Mayorkas also joined “Face the Nation” on Sunday, pressuring Congress to react accordingly to the unprecedented hurricane season.

    “We need Congress to act swiftly to fund FEMA and specifically its Disaster Relief Fund, because hurricane season is not over, and also seasons are less and less important now, given the effects of climate change and the increasing gravity and frequency of extreme weather events.”

    More from CBS News

    Patrick Maguire

    Patrick Maguire is a CBS News Broadcast Associate.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Coutts in talks with Apollo and Ares over private markets funds for rich clients

    January 12, 2026

    Diversifying Your Portfolio with Index Funds

    January 12, 2026

    Sub-Advised Funds Explained: Management, Strategies, and Costs

    January 12, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Coutts in talks with Apollo and Ares over private markets funds for rich clients

    January 12, 2026

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual Funds assets grow 92% as investors increase patronage

    January 13, 2026

    By Peter Egwuatu   Nigeria’s mutual funds are seeing strong growth, with total assets rising 92.6 per…

    Focused Fund Explained: Definition, Functionality, and Examples

    January 13, 2026

    SEC to Decide Bitwise 11 Altcoin ETFs in March 2026, Here’s Everything

    January 13, 2026

    Bloomberg defers inclusion of Indian government bonds in Global Aggregate Index: Report

    January 12, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Indian Bond Yields Rise Following US Market Trends

    August 16, 2024

    SBI Mutual Fund launches Income Plus Arbitrage Active FOF

    April 22, 2025

    Which is Suitable for Beginners? – ThePrint – ANIPressReleases

    June 25, 2025
    Our Picks

    Mutual Funds assets grow 92% as investors increase patronage

    January 13, 2026

    Focused Fund Explained: Definition, Functionality, and Examples

    January 13, 2026

    SEC to Decide Bitwise 11 Altcoin ETFs in March 2026, Here’s Everything

    January 13, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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