In the News NFIP to double Treasury borrowing
From Reactions:
“The Federal Emergency Management Agency (FEMA) has stated that it will likely need to increase the borrowing authority of the NFIP from the Treasury, with its current $24.6bn in debt liable to double as a result of Harvey and Irma, according to RJ Lehmann, senior fellow at the R Street Institute.The NFIP’s current borrowing limit is roughly $30bn.”
