President Joe Biden has authorized an increase in the level of Federal funding for emergency protective measures undertaken in California in the wake of severe winter storms, flooding, landslides, and mudslides in the state.
Under the President's major disaster declaration issued for the state on January 14, Federal funding was made available for Public Assistance, Hazard Mitigation, and Other Needs Assistance at 75 percent of the total eligible costs. Under the President's order Wednesday, the Federal share for debris removal and emergency protective measures, including direct Federal assistance, under the Public Assistance program has been increased to 100 percent of the total eligible costs for 60 days from the start of the incident period.
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Political News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.