Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sequestration Nation: Who's Going to Feel the Cuts?

By Emma Fidel - 2013-03-20T11:54:45Z

Photograph by Mark Wilson/Getty Images

Company Symbol % Change
6 of 13

Sandy Aid Block 

Five months after Hurricane Sandy pummeled the New York, New Jersey and Connecticut areas, the federal budget cuts are bringing more bad news to the region. Sequestration may block as much as $2.5 billion in Sandy relief funds, according to New Jersey Senator Robert Menendez's spokesman, Paul Brubaker. About $1 billion may be taken from Federal Emergency Management Agency disaster-relief funds and $1.5 billion may be held from block grants and transportation funding, Terrence Dopp and Elise Young report. “This manufactured fiscal disaster will add insult to injury to the many families and businesses that are still hurting across the region,” Representative Bill Pascrell Jr., a New Jersey Democrat, told homeowners affected by Sandy in Moonachie on Feb. 25.

Advertisement