President Donald Trump has signed a USD 36.5 billion emergency aid measure to refill disaster accounts, provide a cash infusion to Puerto Rico and bail out the federal flood insurance program.
The president signed the bill yesterday after the Senate sent him the measure earlier this week to help Florida, Texas and Puerto Rico after a devastating string of hurricanes. The money will also help Western states dealing with massive wildfires.
To date, Congress has approved more than USD 50 billion in disaster aid this fall, but more money will be needed. The states and Puerto Rico continue to assess the damage from an onslaught of damaging storms.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)