Trump to ask Congress for $29B for disaster aid: report

Trump to ask Congress for $29B for disaster aid: report
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The Trump administration is preparing to ask Congress to pass a $29 billion disaster aid plan that includes $16 billion for flood insurance claims and $13 billion in new recovery funds for hurricane victims, according to The Associated Press.

The White House could reveal the plan to lawmakers as early as Wednesday, the AP reported.

The funding boost for the government-guaranteed flood insurance program comes as the program is maxing out on a $30 billion line of credit from the Treasury Department. The $16 billion boost in funding…

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