Thursday, June 15, 2006

Show me da money! U.S.
June 15 (Bloomberg) -- Congress approved funds to rebuild New Orleans's levees and close a canal that contributed to the flooding of 80 percent of the city last August.

The Senate voted 98-1 to approve an emergency supplemental appropriations package that included $19.8 billion for reconstruction in Louisiana, Mississippi and Texas, which were devastated by two hurricanes last year. The House passed the same measure 351-67 on June 13 and the legislation will now go to President George W. Bush to be signed into law.

Louisiana will get $3.7 billion to rebuild its levees, $4.2 billion to rebuild destroyed homes and $20.3 million for wetlands restoration.

Here comes a building boom. Let's be careful out there people.

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