00:00It's Benzinga, bringing Wall Street to Main Street.
00:03The Federal Emergency Management Agency is under scrutiny as it manages recovery from
00:06devastating Texas floods that killed nearly 120 people. President Donald Trump and Homeland
00:11Security Secretary Kristi Noem are considering scaling back FEMA's role, with Noem now personally
00:16approving all agency spending over $100,000. FEMA recently created a task force to prevent
00:21delays caused by the new rule, but some officials say it adds bureaucracy. Former FEMA staff cite
00:27confusion over leadership and say the agency is shrinking while managing over 700 open
00:31disasters. White House spokesperson Caroline Levitt said discussions about FEMA's future
00:36are ongoing. For all things money, visit Benzinga.com.
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