Irene Expected To Wash $1.5 Billion Away From Taxpayers

Irene Expected To Wash $1.5 Billion Away From Taxpayers

Efforts to clean up the destruction left in the wake of Hurricane Irene will charge a tab of $1.5 billion to taxpayers. The White House budget director released the estimate, which adds to $5.2 billion needed to mop up other disasters. The problem is that the Federal Emergency Management Agency’s funds are tight until Oct. 1, when the new budget kicks in. [More]