As the storm Harvey devastates Texas and aims for Louisiana, local, state, and federal officials have already begun warning that the clean up and recovery effort will require a massive amount of resources.
That effort will require action by the federal government and Congress. And it comes at a time when Congress is already facing down a series of fiscal deadlines that must be addressed by the end of September.
Before the end of next month, Congress must pass a bill to fund the government, increase the debt ceiling to avoid a financial catastrophe, reauthorize the federal governments flood insurance program, and reauthorize the Childrens Health Insurance Program (CHIP).
Morgan Stanleys US economics team said Tu…
Read the full article at: http://www.businessinsider.com/hurricane-harvey-congress-relief-bill-debt-ceiling-budget-2017-8
