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Obama proposes $60B for Sandy relief

President Barack Obama holds a news conference on

Photo credit: Charles Eckert | President Barack Obama holds a news conference on Cedar Grove Avenue in New Dorp Beach in Staten Island. (Nov. 15, 2012)

WASHINGTON -- The White House on Friday proposed $60.4 billion in federal disaster aid for damage to the Northeast from superstorm Sandy, an amount welcomed by New York's top lawmakers as "good news."

The proposed amount falls short of the combined $80 billion request from the two main aid recipients, New York and New Jersey, but Gov. Andrew M. Cuomo said, "If we get this funding, it's going...

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