Hurricanes Katrina and Rita wrought a humanitarian crisis of a
magnitude unseen in the U.S. since the Great Depression. And it was
obvious from the outset our government was ill-prepared for a
catastrophe on the order of Katrina, let alone devastating
back-to-back hurricanes. But by now, measures have been put in
place to help in the recovery process.
By the time the federal government is finished, there will have
been multiple rounds of relief. At press time, Congress is shifting
its focus from immediate relief needs to structuring a
comprehensive recovery package that incorporates initiatives for
taxes, bonds and spending.
Congress has appropriated more than $62 billion in two emergency
spending bills to fund immediate requirements. The first package
totaled $10.5 billion. The second, providing $51.8 billion, was the
largest nonwar supplemental spending...
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