The Trump administration is finalizing a $29 billion disaster aid request that combines $16 billion to shore up the government-backed flood insurance program and almost $13 billion in new relief for hurricane victims, The Associated Press reported Tuesday.
The proposal, which is expected on Capitol Hill as early as Wednesday, would erase $16 billion of that debt to permit the program to pay claims from Hurricanes Harvey, Irma and Maria. Another $13 billion is being requested for Federal Emergency Management Agency disaster relief operations.