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US: President Biden To Deliver Update On Distaster Relief Shortly

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US President Joe Biden and Vice President Kamala Harris are shortly due to deliver an update from the White House on the federal government's response to Hurricanes Milton and Helene. LIVESTREAM

  • Semafor reports: “A Federal Reserve official warned that snarled supply chains after hurricanes Milton and Helene could affect the economy for at least six months, while new data showed jobless claims climbed after Helene.”
  • Credit agency Morningstar estimates that the insurance losses from Milton may be between USD$30 and USD$60 billion, while Sherwood reports that some estimates run to USD$150 billion.
  • President Joe Biden said in White House remarks yesterday that Congress “should be coming back and moving on emergency needs immediately,” after FEMA burnt through half of the disaster relief money appropriated for this fiscal year in just eight days. House Speaker Mike Johnson (R-LA) has rejected an emergency session of Congress.  
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US President Joe Biden and Vice President Kamala Harris are shortly due to deliver an update from the White House on the federal government's response to Hurricanes Milton and Helene. LIVESTREAM

  • Semafor reports: “A Federal Reserve official warned that snarled supply chains after hurricanes Milton and Helene could affect the economy for at least six months, while new data showed jobless claims climbed after Helene.”
  • Credit agency Morningstar estimates that the insurance losses from Milton may be between USD$30 and USD$60 billion, while Sherwood reports that some estimates run to USD$150 billion.
  • President Joe Biden said in White House remarks yesterday that Congress “should be coming back and moving on emergency needs immediately,” after FEMA burnt through half of the disaster relief money appropriated for this fiscal year in just eight days. House Speaker Mike Johnson (R-LA) has rejected an emergency session of Congress.