Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Several mutual funds temporarily suspend fresh investments in gold fund of funds. Here’s why
    • Indian mutual funds suspend bulk gold ETF subscriptions ahead of Diwali
    • Best Small Cap Mutual Funds by Returns in 2026 – Money Insights News
    • Your SIP Target Is Rs 1 Crore. But What If You Lose Your Job For A Year? Calculate How Much The Goal Slips
    • Rs 10,000 Monthly SIP At 8% Vs 12% Returns: How Much Wealth Could You Miss Out On?
    • Bharti Airtel vs Vodafone Idea: Top 5 mutual funds by exposure — could Reliance Jio’s listing reshuffle portfolios?
    • AT 1 bonds explained: Perpetual debt, call options and the risk of losing your investment
    • Explainer: AT-1 bonds, what they mean for investors and why Yes Bank is in trouble
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Warnock seeks additional funding for Helene recovery efforts
    Funds

    Warnock seeks additional funding for Helene recovery efforts

    October 18, 2024


    WASHINGTON – U.S. Sen. Raphael Warnock, D-Ga., led a bipartisan group of senators in urging the White House to rapidly submit a government funding request to Congress that will fully cover costs associated with cleanup and recovery following Hurricanes Helene and Milton.

    In a new bipartisan letter to the White House Office of Management and Budget, Warnock was joined by Sens. Thom Tillis, R-N.C.; Jon Ossoff, D-Ga.; Tim Kaine, D-Va.; Mark Warner, D-Va.; and Ted Budd, R-N.C.

    They highlighted the heartbreak facing communities recovering from the destruction of these hurricanes, and requested the White House to rapidly submit a detailed supplemental government funding request to Congress that considers the full cost of recovering from these storms so Congress can quickly pass aid for American families.

    Warnock has called for Congress to return to Washington from the October in-state work period to approve federal disaster relief legislation, despite opposition from U.S. House leadership.

    FEMA assistance in CSRA

    “We urgently request the White House’s Office of Management and Budget rapidly submit to Congress a detailed supplemental appropriations request that considers the full cost of recovering from Hurricanes Helene and Milton, as well as other devastating natural disasters, so Congress can quickly consider supplemental appropriations this year, and affected communities can begin to heal,” wrote the senators.

    “Given the immense need, we respectfully ask that the Office of Management and Budget work quickly to determine the costs of recovering from Hurricane Helene and Milton and immediately submit a supplemental appropriations request to Congress that includes this full cost. Congress stands ready to ensure the federal government and our communities have what they need to recover from Hurricanes Helene and Milton and future natural disasters,” concluded the lawmakers.

    FILE — A "for rent" sign is pictured in this undated file photo. The Biden administration...

    Warnock also wrote three additional, separate letters to regulators and agencies across the federal government responsible for consumer protection and more.

    He urged federal officials to prioritize investigating and sharing information about:

    • Disaster-related frauds and scams.
    • Monitoring incidents of price gouging and other unfair or illegal pricing following natural disasters.
    • Addressing intravenous fluids supply challenges impacting frontline workers and patients.
    FEMA generic

    Here’s the letter to Biden:

    Dear President Biden,

    As the Southeastern United States continues to respond to life-threatening conditions in the aftermath of Hurricanes Helene and Milton, the sheer scope of the destruction from these hurricanes is heartbreaking. We urgently request the White House’s Office of Management and Budget rapidly submit to Congress a detailed supplemental appropriations request that considers the full cost of recovering from Hurricanes Helene and Milton, as well as other devastating natural disasters, so Congress can quickly consider supplemental appropriations this year, and affected communities can begin to heal.

    Hurricane Helene struck Florida’s coast as a Category 4 storm on September 27 before devastating communities across Florida, Georgia, South Carolina, North Carolina, Tennessee, and Virginia. Tragically, the death toll continues to rise, with 228 being confirmed to date. Hurricane Milton struck Florida on October 9, bringing life-threatening storm surges and wind gusts and causing 24 deaths to date.

    We are immensely grateful to first responders and federal workers as they perform life-saving work. However, the task of recovering from these storms has overwhelmed state and local governments. Federal support will be needed to restore and rebuild our communities.

    While the recovery costs are still being determined, estimates of Hurricane Helene’s damage range from $34 billion to $47 billion. Hurricane Milton is likewise expected to cost billions more in damages.

    The Federal Emergency Management Agency will require significant additional funding to ensure it has the resources it needs for Hurricane Helene and Milton recovery, and additional federal funding will be required to support states and federal agencies’ emergency response efforts. Likewise, as communities begin to rebuild, uninterrupted access to key disaster assistance loans from the U.S. Small Business Administration is imperative. Agricultural producers will also need financial assistance to help them recover from yet another natural disaster that is further compounding their already tenuous economic situation, and small businesses will need support to help cover the damage to their livelihoods and rebuild, so they can reopen their doors to communities.

    Given the immense need, we respectfully ask that the Office of Management and Budget work quickly to determine the costs of recovering from Hurricane Helene and Milton and immediately submit a supplemental appropriations request to Congress that includes this full cost.

    Congress stands ready to ensure the federal government and our communities have what they need to recover from Hurricanes Helene and Milton and future natural disasters.

    Copyright 2024 WRDW/WAGT. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Active Funds vs. Index Funds: Is All-Country Safe? Things to Consider Before Investing|kazu

    October 9, 2026

    The funds that can save thousands in inheritance tax – if you can stand the risks

    October 9, 2026

    How Gulf states are refinancing sovereign wealth funds as Iran war hits revenues

    October 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Your SIP Target Is Rs 1 Crore. But What If You Lose Your Job For A Year? Calculate How Much The Goal Slips

    October 16, 2026

    7 Best Financial ETFs to Buy in 2026 | Investing

    October 15, 2026

    AT 1 bonds explained: Perpetual debt, call options and the risk of losing your investment

    October 16, 2026

    Rs 10,000 Monthly SIP At 8% Vs 12% Returns: How Much Wealth Could You Miss Out On?

    October 16, 2026
    Don't Miss
    Mutual Funds

    Several mutual funds temporarily suspend fresh investments in gold fund of funds. Here’s why

    October 16, 2026

    In an addendum issued late on October 15, Tata Mutual Fund said it would temporarily…

    Indian mutual funds suspend bulk gold ETF subscriptions ahead of Diwali

    October 16, 2026

    Best Small Cap Mutual Funds by Returns in 2026 – Money Insights News

    October 16, 2026

    Your SIP Target Is Rs 1 Crore. But What If You Lose Your Job For A Year? Calculate How Much The Goal Slips

    October 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    3 Large-Cap Value Funds With Upside to Avoid Present Market Volatility

    October 16, 2024

    Desjardins simplifies its line of mutual fund portfolios

    September 16, 2025

    How a monthly SIP of ₹10,000 in Canara Robeco Flexi Cap Fund grew to ₹1.79 crore over 22 years

    September 16, 2025
    Our Picks

    Several mutual funds temporarily suspend fresh investments in gold fund of funds. Here’s why

    October 16, 2026

    Indian mutual funds suspend bulk gold ETF subscriptions ahead of Diwali

    October 16, 2026

    Best Small Cap Mutual Funds by Returns in 2026 – Money Insights News

    October 16, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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