More than $37 billion in disaster aid under scrutiny in congressional lame duck - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
December 7, 2022 Property and Casualty News
Share
Share
Post
Email

More than $37 billion in disaster aid under scrutiny in congressional lame duck

Courier-Times, The (Roxboro, NC)

WASHINGTON — The Biden administration wants Congress to approve more than $37 billion to help communities throughout the country recover from various natural disasters, including Hurricanes Ian, which battered Florida and the Southeast U.S. in late September, and Fiona, which hit Puerto Rico.

The supplemental funding request comes on top of a $9 billion COVID-19 funding request and a third request for nearly $38 billion in additional relief for Ukraine that the White House sent up to Capitol Hill in mid-November. The most-likely timeline for the three requests to move forward is next month, when Congress must pass spending legislation before a stopgap government funding bill expires on Dec. 16. If some sort of spending package isn't law before then, a partial government shutdown would begin. President Joe Biden met with congressional leaders at the White House on Tuesday to discuss the bills that must pass during the current lame-duck session of Congress, including the spending package.The Biden administration wrote in the 43-page natural disaster funding request that the federal government needs "to help our communities recover and rebuild from extreme weather events and natural disasters.""That's why we are requesting $37.3 billion to fund critical disaster response and rebuilding efforts in Florida, Puerto Rico, and other communities across America that have faced severe flooding, wildfires, drought, and extreme heat over the past year," the White House budget office wrote in the document. "As the President often says, we must be there for these communities every step of the way — for as long as it takes."Hurricanes, floods, drought, fireThe disaster request would funnel $29.6 billion to various federal departments and agencies to continue Hurricanes Ian and Fiona recovery efforts. Another $7.7 billion would go towards other major disasters and unmet needs, including $100 million for the U.S. Agriculture Department to help with ongoing flood recovery in Kentucky. The White House proposed Congress provide the U.S. Department of Energy with $270 million to help local, state and tribal governments with electric grid resilience and to offset the impacts of extreme drought on hydropower out West. Under the disaster request, which must be approved by Congress, the U.S. Department of Homeland Security would get $2.9 billion to "provide survivor claims related to the Hermit's Peak fire in New Mexico." The U.S. Interior Department would receive $262 million to address flooding at the Bureau of Indian Education TóHajiilee Community School in New Mexico and for other natural disasters, like landslides on Denali Park Road in Alaska.The White House also wants U.S. lawmakers to approve $73 million for Interior to continue recovery efforts related to Alaska typhoon Merbok.The $29.6 billion request for Hurricanes Ian and Fiona recovery would be divvied up between several U.S. departments, including $3.5 billion for Community Development Block Grant-Disaster Recovery through the Department of Housing and Urban Development and $2.1 billion for the Agriculture Department to provide financial aid for crop damage as well as "payments beyond crop insurance." The U.S. Department of Homeland Security, which includes FEMA, would get $15 billion to continue hurricane relief and to make payments from the National Flood Insurance Program to policyholders. Leaders meetBiden said at the beginning of the Tuesday meeting in the Roosevelt Room that he hoped the four leaders and his administration could "work together to fund the government, COVID, and the war in Ukraine — all controversial and consequential issues."Speaker Nancy Pelosi, a California Democrat, and Senate Majority Leader Chuck Schumer, a New York Democrat, said afterward outside the White House they and their GOP counterparts agreed to try to get a full-year government funding bill to Biden before leaving for the winter break. But House GOP Leader Kevin McCarthy said after Pelosi and Schumer spoke that he would be willing to push off major government funding decisions until next year, when his party regains control of that chamber. "If we can't get common sense in appropriations bills then yes, we'll support a CR and fix this come January," McCarthy said, referring to continuing resolutions or short-term government funding bills. McCarthy said he would not back "a blank check for anything" and noted he wanted "to make sure whatever funding" Congress spends on Ukraine aid "goes to the right places."Alabama Sen. Richard Shelby, the top Republican on the panel that will draft the spending package, said Tuesday afternoon that natural disaster funding is a possibility since so many states have been affected this year. "Florida stands out with a lot of others and I'm sure it's going to be part of the conversation," he said, noting that bipartisan talks over government funding are picking up.Shelby said that he expects Republicans will back some additional aid to Ukraine, saying that when "people are fighting for freedom like that, we should never turn our back."

The post More than $37 billion in disaster aid under scrutiny in congressional lame duck appeared first on New Jersey Monitor.

Older

Louisiana toll road unable to cover debt service due to Hurricane Ida damage

Newer

Medicare Open Enrollment

Advisor News

  • Midlife planning for women: why it matters and how advisors should adapt
  • Tax anxiety is real, although few have a plan to address it
  • Trump targets ‘retirement gap’ with new executive order
  • Younger investors are engaged and advisors must adapt
  • Plugging the hidden budget leaks of retirement
More Advisor News

Annuity News

  • Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
  • AM Best Assigns Credit Ratings to Calix Re Limited
  • Transamerica introduces new RILA with optional income features
  • Transamerica introduces RILA with optional income features
  • American Life expands into Wyoming and Mississippi markets
More Annuity News

Health/Employee Benefits News

  • Blackwell Captive Solutions Announces Cannabis Captive to Expand Access to Employer Health Insurance: Blackwell Captive Solutions
  • Genworth Financial Announces First Quarter 2026 Results
  • Contract clash between PMC and Regence BlueShield could upend health care for thousands of Southeast Idahoans
  • Four-part Medicare education series planned at Viroqua library
  • Florida state employee health insurance premiums frozen for 2026-27
More Health/Employee Benefits News

Life Insurance News

  • Genworth Financial Announces First Quarter 2026 Results
  • Transamerica agrees to $57M settlement in cost-of-insurance lawsuit
  • The next step for AI in insurance — partnerships to scale
  • Your clients are sitting on underused assets
  • National Life Group Names Jason Doiron CEO of NLG Capital to Lead the Next Phase of Growth
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet