NY's Cuomo to ask federal government to cover Sandy storm costs

New York Governor Andrew Cuomo said he would formally request the US federal government to reimburse up to 100% of the costs needed to clean up and repair damages from massive storm Sandy that hit the state this week.

In a letter to the President Barack Obama, Cuomo said that the "initial estimates project up to $6 billion in lost economic revenue in the greater metropolitan area and the State." He added that "the "significant impact from Hurricane Sandy plainly warrant providing this assistance." (Reuters)