September 17, 2011

Flood repairs along rivers to cost $2 billion

KANSAS CITY, Mo. —The Army Corps of Engineers estimates it will cost more than $2 billion to repair the damage to the nation's levees, dams and riverbanks caused by this year's excessive flooding, a sum that dwarfs $150 million it currently has to make such repairs and that doesn't account for damage from Hurricane Irene or Tropical Storm Lee.

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