Top executives from over a hundred New York firms are urging Congress to quickly approve the $60.4 billion in Superstorm Sandy relief requested by President Obama.
"The tri-state New York metropolitan region includes the largest city economy in the world," the CEOs write. "We are fully cognizant of the fiscal challenges facing this country, but we believe that failure to expeditiously fund storm relief and recovery will severely weaken this region and worsen our nation’s overall fiscal condition."
The signers include the CEOs of Morgan Stanley, BlackRock, American Express, Jet Blue, Time Warner, NBC Universal, Bloomberg, and Viacom. All 125 are members of the Partnership for New York City, a non-profit business group.
New York Gov. Andrew Cuomo, New Jersey Gov. Chris Christie and Connecticut Gov. Dan Malloy wrote a joint Washington Post op-ed Thursday with the same message, saying the $60 billion figure comes from "conservative estimates of our states’ needs."