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White House seeks $4 billion more in funding from Congress for disaster needs

Stock Focus Report June 28, 2024

(Reuters) – The White House is seeking an additional $4 billion in funding from Congress for disaster needs, including to help rebuild the Baltimore bridge after its collapse and in response to last year’s fires in Maui, the Office of Management and Budget said on Friday.

Funds would also help survivors of tornadoes in Iowa, Nebraska, Oklahoma and elsewhere, White House budget director Shalanda Young said in a letter to House Speaker Mike Johnson, also reiterating a call for Congress to back a bipartisan border deal.

It “would deliver significant policy changes, resources, and personnel needed to secure America’s border and fix the broken immigration system,” she said.

(Reporting by Costas Pitas; Editing by Caitlin Webber)

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