FEMA Is Running Out of Money as Hurricane Irma Barrels Toward Florida

The Federal Emergency Management Agency saw its reserves cut in half over the weekend as Hurricane Harvey devastated Houston and surrounding areas last week. 

FEMA's relief fund was sitting at $1.01 billion as of Tuesday, Sept. 5, after totaling $2.14 billion last Thursday. 

"FEMA is scheduled to run out of money by Friday, Sept. 8, just two days before Hurricane Irma is expected to hit Florida," Florida Sens. Bill Nelson and Marco Rubio said in a joint statement. "Unfortunately, the current disaster relief package Congress is considering for Hurricane Harvey doesn't account for the additional costs FEMA will likely incur as a result of Hurricane Irma."

Irma is the most powerful Atlantic hurricane ever recorded. 

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