Big hurricane bill

The measure provides $18.7 billion to replenish the Federal Emergency Management Agency's rapidly dwindling accounts, and $16 billion so the flood insurance program can keep paying claims.It brings the total approved by Congress during this fall's hurricane season to more than $50 billion — and that's before requests expected soon to cover damage to water and navigation projects, crops, public buildings and infrastructure, and to help homeowners without flood insurance rebuild.

Like, whoa.  The states and localities will likely spend an equivalent, as will victims.  These would be worse case and come to 1% of GDP.  The hurricane expenses likely drove the one year treasury up 20 basis points.

But, in the budget, the extra interest charges look like a sudden 10% jump in the fourth largest budget item.  If the jump in charges is not easily covered then senators have to worry about budget  stretch outs or their state contracts, an existential threat.