Obama to Ask Congress for $50B

    Image #: 19934937    A man stands on a deck inspecting debris and storm damage from Hurricane Sandy on Captree Island, south of Fire Island, New York, October 30, 2012.  Millions of people were left reeling in the aftermath of the whipping winds and heavy rains of the massive storm Sandy on Tuesday as New York City and many parts of the eastern United States struggled with epic flooding and extensive power outages.    REUTERS/Lucas Jackson (UNITED STATES - Tags: ENVIRONMENT DISASTER)       REUTERS /LUCAS JACKSON /LANDOV

    Lucas Jackson, Reuters / Landov

    President Obama will be asking Congress to provide roughly $50 billion in emergency aid to the areas most affected by Hurricane Sandy. White House officials are putting the request together and say they expect to send it as early as this week. The administration may be in for a tough fight, given the standoff over the fiscal cliff. The request is less than initially expected—governors of New York, New Jersey, and Connecticut wanted a total of $82 billion to deal with the storm’s aftermath. Republicans have suggested cutting the request into two segments, one that would be approved this year to address emergency needs, and one that would deal with long-term recovery next year.

    Read it at The New York Times