Political leaders from the Mid-Atlantic and Northeast have not been shy about their intent to seek as much federal funding as possible for their storm-struck states. Damages and lost economic activity as a result of Hurricane Sandy have been estimated as high as $50 billion.
If the past is any guide, there are likely to be fights in Congress over whether federal funds for rebuilding after Sandy should be offset with cuts elsewhere in the budget.
And it’s far from clear how aid money should be spent. There is widespread infrastructure damage throughout the region. In New York, the city’s road and subway tunnels were flooded.
Stephen Flynn, a professor at the George J. Kostas Research Institute at Northeastern University, says spending smartly is key.