Monday, September 26, 2005


Government not ready to spend $200 Billion?

WASHINGTON, Sept 26 (Reuters) - U.S. government spending to repair Hurricane Katrina damage may turn out to be just half of early estimates, or about $100 billion, the Senate Majority Leader's chief budget aide said on Monday.
Bill Hoagland, who works for Tennessee Republican Sen. Bill Frist, also said congressional leaders would shortly ask lawmakers to find additional spending cuts to help pay for hurricane disaster aid, but added: "It's going to be tough."
At a conference on Katrina reconstruction, Hoagland said an estimate frequently cited on Capitol Hill that federal recovery costs would hit $200 billion "has no basis in analysis."

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