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Viewsroom: Harvey’s path of financial destruction
September 7, 2017 / 6:20 PM / 2 months ago

Viewsroom: Harvey’s path of financial destruction

NEW YORK (Reuters Breakingviews) - Texas is facing $180 bln in hurricane cleanup costs, the most of any U.S. natural disaster. The Lone Star State has the wherewithal and chutzpah to cover a large chunk, yet expects Washington to pick up most of the tab. Global water risks, meanwhile, may require $12 trln to fix.

A ranch house is surrounded by floodwaters from Hurricane Harvey near Port Lavaca, Texas, August 26, 2017. REUTERS/Rick Wilking

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