Is the Federal Disaster Relief Fund Running Out of Money?

The Federal Emergency Management Agency (FEMA) account that covers emergency aid for disasters is running out of money. As of last Tuesday morning, the fund had a balance of $3.4 billion. In April, FEMA Administrator Deanne Criswell told the House Appropriations Subcommittee on Homeland Security that the fund would be out of money after July.

Fixing the problem is infinitely more difficult because of politics. So, like a household juggling more bills than it can afford — and suddenly facing an emergency car repair — FEMA is juggling its obligations, paying some and postponing others. Read more from Governing here.