Harvey Price Tag Grows As Lawmakers Prepare To Return To Work
(Washington, DC) — Congress will be facing an increasing price tag for the damage done by Harvey. The cost is growing as lawmakers prepare to return from their August recess. Harvey is now a tropical depression and could prove to be the most expensive natural disaster in U.S. history. Some early estimates of flood damages in Texas exceed 160-billion dollars. President Trump has pledged quick federal action but Congress must appropriate the dollars. Meanwhile, the largest refinery in the U.S. could potentially be shut down for up to two weeks due to Hurricane Harvey, causing a 12-percent spike in gas futures. Motiva Enterprises in Port Arthur, Texas will be shut down for an assessment of the plant and repairs.
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