​Waste Of The Day: $8.3 Billion Of Disaster Funds Stuck In Purgatory – Tyler Durden

Waste Of The Day: $8.3 Billion Of Disaster Funds Stuck In Purgatory Authored by Jeremy Portnoy via RealClearInvestigations, Topline: The Federal Emergency Management Agency is refusing to help some local governments pay for storm recovery while its aid fund faces a $6.2 billion deficit. The White House keeps blaming Congress for not providing enough money, but the fiscal crisis is partially FEMA’s own fault. FEMA has $8.3 billion in “unliquidated obligations” set aside to help victims of storms from before 2012, according to a Department of Homeland Security Office of Inspector General report titled “FEMA’s Inadequate Oversight Led to Delays…  — Continue at ZeroHedge News : Read More