"White House To Request $29 Billion For Hurricane Relief"

"WASHINGTON - The White House is preparing a $29 billion disaster aid request to send to the U.S. Congress after hurricanes hit Puerto Rico, Texas and Florida, a White House official said on Tuesday.

The request is expected to come on Wednesday. It will combine nearly $13 billion in new relief for hurricane victims with $16 billion for the government-backed flood insurance program, the White House official told Reuters.

The White House wants Congress to forgive $16 billion of the debt that the National Flood Insurance Program, which insures about 5 million homes and businesses, has racked up."

Steve Holland and David Shepardson report for Reuters October 3, 2017.

Source: Reuters, 10/04/2017