Obama Requests $60.4B for Sandy

    NEW YORK, NY - NOVEMBER 4: Homes sit burned down by a fire November 4, 2012 in the Breezy Point neighborhood of the Queens borough of New York City. With the death toll currently over 100 and millions of homes and businesses without power, the US east coast is attempting to recover from the effects of floods, fires and power outages brought on by Superstorm Sandy. (Photo by Allison Joyce/Getty Images)

    Allison Joyce / Getty Images

    President Obama requested a $60.4 billion aid package from Congress Friday, to distribute across eastern states decimated by Hurricane Sandy. But that sum is not high enough, according to many leaders in states affected. New York, New Jersey and Connecticut are asking for at least $82 billion for emergency repairs and infrastructure work. Lawmakers are hopeful that more funds will be granted as needs are revealed. “This supplemental is a very good start, and while $60 billion doesn’t cover all of New York and New Jersey’s needs, it covers a large percentage,” a group of the area’s senators said in a statement, and New York Governor Andrew Cuomo called it “the first good news New York has had in a while.”

    Read it at Reuters