this is $7.4 billion for fema as disaster relief fund which runs out of money on friday. this is just the first round of money expected for areas of texas and louisiana that have been devastated by the storm. it's urgently needed because it will be out of money on friday. nbc news has confirmed the agency would have run out of that cash. how close did fema get to having nothing yet? bloomberg spoke with a source and it has just over a billion dollars on hand before today's vote. only half of that could be spent right away. so it wouldn't have lasted long. $541 million was all that was available. as of last thursday, according to bloomberg, fema had almost double that, $2.14 billion on hand. they were spending $155,000 a minute. all right. federal funding was a topic at both the white house and on capitol hill today h. kelly o'donnell is there where the president is going to speak later today in north dakota. garrett headache is on capitol hill. let's start with you. that's ostensibly a speech about tax reform that the president is
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