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Last month, Congress approved a spending plan that includes money for major disasters. But that was before this past week’s fires and the potentially breathtaking bill that will come due to rebuild. It’s too soon to know just how expensive the disaster will be, but early estimates are already as high as $150 billion.
President Joe Biden has already vowed that over the next six months the federal government will pay 100% of disaster response costs connected to the wildfires ravaging Southern California.
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