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Trump administration seeking $7.85 billion 'down payment' on disaster funding

Trump administration seeking $7.85 billion 'down payment' on disaster funding

By Jeremy Diamond, Joe Johns, Deirdre Walsh and Kevin Liptak, 
Updated 1:24 AM ET, Sat September 2, 2017

Cooper rides along in dramatic chopper rescue
Cooper rides along in dramatic chopper rescue 01:20
Washington (CNN)The Trump administration on Friday asked Congress for a higher-than-expected $7.85 billion as part of an initial request for funds in response to Hurricane Harvey, with an additional request expected by the end of this month.
The formal request came late Friday in a letter from President Donald Trump's budget chief to House Speaker Paul Ryan. The initial amount requested for Harvey relief was higher than the $5.95 billion figure administration officials floated earlier in the day.
The bulk of the initial request will go to FEMA, which is rapidly burning through cash as the primary agency handling disaster relief. The remainder of the emergency funding request, about $450 million, will go to the Small Business Administration, which is doling out disaster recovery loans to homes and businesses damaged by the storm.

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