The federal government allotted the state of New York and New Jersey $3.6 billion in rebuilding aid following Superstorm Sandy, but $1 billion of that money may soon be headed elsewhere.
The U.S. Department of Housing and Urban Development is mulling the redistribution of the funds to other disaster areas. Officials at the agency believe that spreading the disaster assistance among different areas is required by federal law, according to the Wall Street Journal. New York officials, however, disagree with that interpretation. [more]