FEMA chief warns disasters will grow more frequent and severe
FEMA Director James Lee Witt told AP editors that natural disasters are increasing in frequency and intensity with warmer storms and stronger hurricanes likely in the 21st century. He cited a $300 million disaster fund and programs like Project Impact and buyouts to reduce future losses, urging wider adoption of safer construction and community planning.
MENTIONED IN THIS ARTICLE
Washington
Federal Emergency Management Agency
James Lee Witt
Witt
Associated Press
FEMA
America
Ordi
Nances
Project Impact
Tulsa
Okla
Bill Would Grant Tax Break on Stock Options for Workers
The House moves a bill to allow employees of publicly traded firms to defer taxes on stock options until sale and, in some cases, pay long term capital gains rates. Labor groups fear employers may use options to replace pensions and seek revisions. The measure, authored by Rep John Boehner, won approval in the House subcommittee and heads to the Education and Workforce Committee.
MENTIONED IN THIS ARTICLE
Washington
U.S. House
House
Subcommittee On
John Boehner
Ohio
Committee On
Education
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