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As Hurricane Milton approaches Florida, the Federal Emergency Management Agency (FEMA) faces funding challenges while responding to the devastation of Hurricane Helene. Lawmakers urge Congress to reconvene early to address funding shortfalls, with President Biden warning that the Small Business Administration's disaster loan program may run out of funds before Congress returns on November 12.
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In the wake of Hurricanes Helene and Milton, the federal government faces criticism over its disaster response. Misinformation surrounding FEMA's aid distribution has emerged, particularly from political figures, complicating recovery efforts for affected residents across several states.
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In the aftermath of Hurricanes Helene and Milton, Florida faces a potential insurance crisis as homeowners grapple with rising premiums and inadequate flood coverage. With economic losses estimated over $200 billion, the situation highlights the challenges of insuring against climate-related disasters. Many homeowners lack flood insurance, complicating recovery efforts.
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The Small Business Administration (SBA) has paused new disaster loan offers due to a funding shortfall, affecting survivors of Hurricanes Milton and Helene. President Biden urged Congress to act quickly to replenish funds, while Speaker Johnson indicated that immediate needs are being met through FEMA's existing resources. Applications will still be processed during this pause.