Katrina Spending Balloons
Congress has already approved $122 billion in Katrina-related spending, USA Today reports, and there's no end in sight. Rebuilding infrastructure in the Gulf Coast region will cost billions of dollars a year for several years. But New Orleans Mayor Ray Nagin says the city hasn't seen much of the money yet. "People think New Orleans is wallowing in dough, and we have money coming out of our ears," Nagin told AP. But he says bureaucratic tangles have held up the funds.
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