CALIFORNIA - California Governor Gavin Newsom has asked Congress to approve nearly USD 40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires,
which he said could become the costliest natural disaster in US history.
Newsom sent a letter on Friday asking for support from lawmakers, including House Speaker Mike Johnson and Representative Tom Cole, the House Appropriations Committee chair.
“Los Angeles is one of the most economically productive places on the globe, but it can only rebound and flourish with support from the federal government as it recovers from this unprecedented disaster,” Newsom wrote.
Estimates of the total economic loss from the firestorm have been estimated to surpass USD 250 billion — with real estate losses from the Palisades and Eaton fires predicted to potentially top USD 30 billion, according to a Los Angeles Times analysis. More than 16,200 structures were destroyed as flames ripped through Pacific Palisades, Malibu, Pasadena and Altadena.