Federal government to lead rebuilding, president says
NEW ORLEANS, Louisiana (CNN) -- President Bush pledged Thursday night to put the full might and money of the federal government behind the reconstruction of the Gulf Coast and vowed to its people that "in the journey ahead, you are not alone."
In a nationally televised address from Jackson Square in the historic French Quarter of New Orleans, Bush outlined his plans to assist recovery efforts and to prevent bureaucratic errors of the sort that slowed the response to Hurricane Katrina.
The president said the federal government will pay for most of the costs to fix damage during and after the storm -- the most destructive hurricane ever, according to the National Oceanic and Atmospheric Administration -- struck August 29.
Watch President's Speech Part 1, Part 2
"Federal funds will cover the great majority of the costs of repairing public infrastructure in the disaster zone, from roads and bridges to schools and water systems," he said. [Read more - CNN]
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