Ryan: FEMA Could Run Out of Money Because It’s Going Out Faster than Before Because of Technology

EXCERPT:

RYAN: "What's happening is unlike Katrina where I don't think iPhones even existed then, people on their smartphones are quickly applying for their FEMA relief, and those applications are being approved and that money is going out the door at such a faster pace than we've ever experienced before to the point where OMB is telling us FEMA could run out of money as early as tomorrow and no later than Tuesday. So that is basically the projections we're getting from Homeland and OMB, and we have a treasury secretary who's worried about the borrowing limit to cash flow these payments to FEMA particularly now that there's a new hurricane hitting this country today."