Loading...
Market
Will federal funding for California wildfire recovery increase beyond 100% by July 9, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the White House or FEMA
Story
Biden Announces 100% Federal Funding for 180 Days to Aid Southern California Wildfire Recovery
Jan 10, 2025, 12:11 AM
President Joe Biden announced that the federal government will cover 100% of the disaster response costs for the Los Angeles wildfires in Southern California for the next six months, or 180 days. This decision increases the federal assistance from the typical 75% to 90% coverage, following a request from California Governor Gavin Newsom to raise it to 90%. The funds will be used for measures such as debris and hazardous material removal, setting up temporary shelters, paying first responders' salaries, and all necessary actions to protect life and property. Biden emphasized that the federal government would spare no expense in supporting the recovery efforts, urging local officials to do what they need to contain the fires. The announcement was made in the context of ongoing wildfires that have devastated the region, with Biden expressing solidarity with affected residents and praising the efforts of firefighters and first responders.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Other • 25%
Debris and hazardous material removal • 25%
Temporary shelters • 25%
First responders' salaries • 25%
No • 50%
Yes • 50%
No change • 25%
Moderate increase • 25%
Significant increase • 25%
Decrease • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
More than $1 billion • 25%
$500 million to $1 billion • 25%
No • 50%
Yes • 50%
More than 10 additional resources • 25%
6-10 additional resources • 25%
1-5 additional resources • 25%
None • 25%