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96% OF OVERSEAS AID FOR KATRINA IS UNUSED

Topic: Your Money at Work, Yesterday's News?, News & Comment
30. April 2007
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Only $40 million of $854 million in aid pledged to the U.S. by foreign countries following Hurricane Katrina has been used to date, John Solomon and Spencer Hsu report in the Washington Post. $400 million in oil pledged by foreign governments has gone uncollected. Documents obtained by a Washington public interest organization show that government officials were unprepared to handle aid from abroad. More here.

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