With Texas still reeling from Hurricane Harvey and another storm barreling toward Florida, the Federal Emergency Management Agency is expected to run out of money by Friday, according to a Senate aide, putting pressure on Congress to provide more funding this week. As of 10 a.m. Tuesday morning, FEMA’s Disaster Relief Fund, which pays for the agency’s disaster response and recovery activity, had
just $1.01 billion on hand. And of that, just $541 million was “immediately available” for response and recovery efforts related to Hurricane Harvey, according to a spokeswoman for FEMA who asked not to be identified by name. The $1.01 billion in the fund Tuesday morning is less than half of the $2.14 billion that was there at 9 a.m. last Thursday morning — a spend rate of $9.3 million every hour, or about $155,000 a minute. FULL REPORT
