Welch Outlines New Report on Economic Cost of Flooding; Cost to U.S. as much as $496 Billion Each Year
June 12, 2024
June 12, 2024
WASHINGTON, June 12 -- Sen. Peter Welch, D-Vermont, issued the following news release:
Senator Peter Welch (D-Vt.), member of the U.S. Congress Joint Economic Committee (JEC), shared a new report released this week by JEC's Democratic staff finding that flooding causes as much as $496 billion in losses each year.
In July 2023, Vermont experienced several days of nonstop rain, with nearly nine inches of rainfall falling on parts of the state. The torrential rain caused . . .
Senator Peter Welch (D-Vt.), member of the U.S. Congress Joint Economic Committee (JEC), shared a new report released this week by JEC's Democratic staff finding that flooding causes as much as $496 billion in losses each year.
In July 2023, Vermont experienced several days of nonstop rain, with nearly nine inches of rainfall falling on parts of the state. The torrential rain caused . . .