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Today's Lead: Obama Expected to Ask for $50 Billion in Storm Aid

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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 “While $50 billion is a significant amount of money, it unfortunately does not meet all of New York and New Jersey’s substantial needs,” 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.

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