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MPI122 /MediaPunch/IPX

The Trump administration is urging Congress to provide $5.95 billion for response and initial recovery efforts related to Hurricane Harvey, a senior administration official told Axios. Bloomberg broke the news of the requested aid package.

Budget director Mick Mulvaney is calling Republicans and Democrats on Capitol Hill tonight and tomorrow, asking them to support the funding. The official said the Trump administration believes the requested amount will be more than enough to support hurricane recovery efforts until the end of the year.

  • Of the total, $5.5 billion would go to the Federal Emergency Management Agency (FEMA) and $450 million to the Small Business Administration for their disaster relief efforts.

Why this matters: It's the first, urgent, money required to deal with what will likely be one of the biggest and most expensive natural disasters in recent memory.

The mechanics: The White House will send a letter to congressional leadership asking for the money, but won't dictate to Congress what legislative vehicle it should use to move the emergency cash, the official said. Republican leaders see an opportunity with the hurricane to wrap emergency recovery funding into a must-pass bill that would include raising the debt ceiling and funding the government.

Go deeper

Caitlin Owens, author of Vitals
27 mins ago - Health

The U.S. is approaching the vaccine hesitancy "tipping point"

Expand chart
Data: CivicScience; Chart: Axios Visuals

The U.S. will probably run out of adults who are enthusiastic about getting vaccinated within the next two to four weeks, according to a KFF analysis published yesterday.

Between the lines: Vaccine hesitancy is rapidly approaching as our main impediment to herd immunity.

Ben Geman, author of Generate
50 mins ago - Energy & Environment

The finance sector links arms on climate

Illustration: Eniola Odetunde/Axios

A big, UN-backed umbrella group of banks, asset managers, investors and insurers launched Wednesday to boost private clean tech finance and press polluting industries that use their services to cut emissions.

Why it matters: The Glasgow Financial Alliance for Net Zero (GFANZ) is the broadest financial industry effort yet on climate change.

Scoop: Chris Christie friends believe he's running in 2024

Chris Christie at the White House in 2020. Photo: Chris Kleponis/Polaris/Bloomberg via Getty Images

Former New Jersey Gov. Chris Christie is seriously considering running for president in 2024, three people familiar with his thinking tell Axios.

Driving the news: While Christie isn't saying anything publicly about his thinking — besides telling radio host Hugh Hewitt he's not ruling it out — people close to him have an early sense of the rationale and outlines of a potential candidacy.