New York Gov. Andrew Cuomo meets Nov. 10 with residents of the Far Rockaways section of Queens, which was hit hard by Hurricane Sandy. Cuomo is seeking $30 billion in federal assistance to help rebuild his state at a time when Congress is already consumed with reducing the deficit.
Political leaders from the Mid-Atlantic and Northeast have not been shy about their intent to seek as much federal funding as possible for their storm-struck states. Damages and lost economic activity as a result of Hurricane Sandy have been estimated as high as $50 billion.
Gov. Andrew Cuomo, D-N.Y., wants $30 billion in federal assistance to help rebuild his state. This request, and others, come at a time when Congress is already consumed with reducing the deficit.
Originally published on Wed November 14, 2012 5:46 pm
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As the White House and Congress debate taxes and entitlement reform, an influential liberal think-tank is offering what appears to be an olive branch. It comes at a time when many Democrats are trying to protect entitlements, such as Medicare. At the same time, Republicans say those entitlements are too expensive in their present form.
Susan Rice, the U.S. ambassador to the United Nations, is considered a leading candidate to become the next secretary of state. Leading Senate Republicans say they would seek to block her if she's nominated.
President Obama sounds like he's in for a fight over the woman who could be the next secretary of state. Republicans have been blasting U.N. Ambassador Susan Rice for the way she characterized the attack on the U.S. Consulate in Benghazi, Libya, on Sept. 11.
But the president came to her defense in his news conference Wednesday afternoon.
"When they go after the U.N. ambassador, apparently because they think she's an easy target, then they've got a problem with me," he told reporters.
Millions of U.S. families have a recent foreclosure on their record. Typically, that means waiting at least seven years before securing another home loan. But some families say they are having luck buying again — sometimes in as few as three years.