Market
Will federal 100% coverage of California wildfire costs be extended beyond 180 days?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Federal Emergency Management Agency (FEMA) or the White House
Story
Biden Announces Federal Government to Cover 100% of California Wildfire Costs, Up from 75%, for 180 Days
Jan 9, 2025, 10:33 PM
President Joe Biden announced on Thursday that the federal government will cover 100% of the disaster response costs for California's wildfires for 180 days, increasing the usual federal assistance from 75% to full coverage. The funding will support debris and hazardous material removal, temporary shelters, first responders' salaries, and other necessary measures to protect life and property. 'Spare no expense,' Biden said, emphasizing the government's commitment to aid California during the crisis. 'We are with you. We are not going anywhere,' he added, acknowledging the efforts of firefighters and first responders as heroes.
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Similar markets
No • 50%
Yes • 50%
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Yes • 50%
No • 50%
Maintain current policy • 25%
Increase standard coverage • 25%
Decrease standard coverage • 25%
Introduce new measures • 25%
$100 million to $500 million • 25%
Less than $100 million • 25%
More than $1 billion • 25%
$500 million to $1 billion • 25%
