Paying for Katrina

Speed Read: Looking at Congress' financing of disaster relief

A week after lawmakers rushed back to Washington to approve $10 billion for hurricane-relief efforts, nearly all that money had been spent, and the White House got Congress to shell out $52 billion more. For those who are keeping tabs on the tab:

How much will Hurricane Katrina cost? At best, the $62 billion already allocated for recovery is expected to last through the beginning of October. With the Federal Government spending more than $2 billion a day in the affected areas, some members of Congress are estimating that the bill could top $200 billion. That's equal to nearly 9% of...

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