Today's Lead: Obama Expected to Ask for $50 Billion in Storm Aid
Obama Expected to Ask For $50 Billion in Storm Aid
Preisdent Barack Obama is expected to ask Congress for about $45 to $50 billion in storm aid reports The New York Times. That figure is far below the $82 billion requested by New York, New Jersey at Connecticut â€śWhile $50 billion is a significant amount of money, it unfortunately does not meet all of New York and New Jerseyâ€™s substantial needs,â€ť Senators Charles E. Schumer and Kirsten E. Gillibrand of New York and Frank R. Lautenberg and Robert Menendez of New Jersey, all Democrats, said in a joint statement. The storm aid may get tangled up in the battle between President Barack Obama and Republican legislators over debt and tax rates.