WASHINGTON—President Joe Biden on Friday said that Hurricane Milton is expected to cause $50 billion in damages after the storm struck Florida, leading to extensive destruction and loss of life. The president plans to visit the state on Sunday to survey areas damaged by Milton.
“Experts estimate that … it’s caused damages of around $50 billion,” Biden said during a briefing at the White House on the government’s response efforts. He noted that the cost projection is for Hurricane Milton alone and may vary.
Fitch Ratings reported on Thursday that Milton “caused considerable economic and insured losses from high winds, substantial storm surge, heavy rainfall, tornadoes and flooding.”…