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Government to Begin Services Again Wednesday

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  • Description

    FBN’s Rich Edson on the government’s efforts to begin the recovery effort.

  • Duration 3:01
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The federal government is preparing to make billions of dollars in emergency aid available to the hardest hit states for the top priority right now.

Restoring electricity across the eastern seaboard Richardson joins us live from Washington DC as the president begins or prepares to -- parts of New Jersey and Ritchie getting any new information from FEMA or even the Department of Energy about the efforts to try and help the people have been hit hardest.

Basically coordination effort out of these things work so much involvement.

With the local governments and then -- request any type of assistance we know that.

New York City has been working with federal resources that deal with flooding Army Corps of Engineers have been involved National Guard has been involved up and down the eastern seaboard.

And it's a per request basis we've got three.

Disaster areas three disaster states declared.

And now Connecticut after last night President Obama that opens up a whole slew of resources cuts back the red tape.

And allows more federal resources to comment.

And help you mentioned -- President Obama leaving the White House around noon today he'll head to New Jersey with governor Chris Christie an odd -- six days before federal election.

Given with two gentlemen have been saying about one another politically.

They -- toward the Jersey Shore today -- the damage there.

And to and for the most part federal response so will then continue -- that this thing has set has moved -- also one item of note.

From the FDIC Adam their talking to financial institutions telling them at their regular reporting requirements if they're having problems -- it because of this storm.

They can talk to their regulators -- to the FDIC.

And perhaps move some of those dates back.

They pushed back gore get rid of any type of late filing fees or penalties here -- -- -- have ramifications like that's -- -- your federal regulators you've got issues.

With your reporting requirements but the federal response continues as for.

Washington DC itself for back basically to normal here we do -- down we do have flooding we do have people without power.

But the metro is back in the federal government is back in schools are back in an adamant -- see more people on the street.

Here in the 5 o'clock hour than I have in the last two days combined.

-- very simply have very quickly Governor Cuomo yesterday talked about the need to rebuild the infrastructure in places like New York City is it too early in Washington DC.

Which love to spend money we don't have I mean sixteen trillion dollar deficit but is anyone talking about raising the funds perhaps rebuild infrastructure in the northeast.

Not yet that's going to be difficult task especially when you wanna go the other way with the deficit and that's what congress is going to be talking about after the election with the fiscal cliff.

Money is -- a premium but it's still -- when there's a disaster.

They always seemed to free up some funding were in the beginning of the fiscal year that's good news.

All that disaster money is still there and available but if it exceeds the seven billion dollars it's been set aside.

Congress may have to work something out I gotta tell -- New York is one of those states as a pretty powerful delegation in congress so I -- anyone could do it it.

That a lot of competition when congress gets back after the election what with the fiscal cliff.

All right rich as a live present Washington DC you have a bit mornings -- we're gonna go back to Diane.

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