The future of FEMA funding

The Federal Emergency Management Agency has already burned through almost half of its $20 billion Disaster Relief Fund that’s meant to last for another year. We’ll get into why the agency’s current budget shortfall is a sign of future problems as extreme weather events like Hurricane Milton become more common. Then, we’ll get into Vice President Kamala Harris’ new plan for funding at-home health care, some in the weeds inflation vocab, and why the identity of the creator of Bitcoin matters.

Here’s everything we talked about today:

• “FEMA spent nearly half its disaster budget in just 8 days” from Politico
• “As Helene barrels into the Gulf Coast, FEMA faces shortfall for longer-term recovery” from Marketplace
• “Chicago Fed’s Goolsbee: Inflation has come down and job market is around full employment level” from CNBC
• “Inflation slowed again, new CPI report shows: Will the Fed keep cutting rates?” from USA Today
• “Kamala Harris proposes Medicare pay for more in-home health care during appearance on “The View'” from CBS News
• “Harris proposes expanding Medicare to cover home health care” from Marketplace
• “The quest to discover the creator of bitcoin” from Marketplace

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.