Existing users please login

 

Home / Markets

Schwarzenegger: We Can Cover Cost of Wildfires

 
Associated Press
     

    LOS ANGELES--Gov. Arnold Schwarzenegger says he isn't worried about money needed to fight three major wildfires in Southern California that have charred more than 27 square miles of land.

    At a news conference Tuesday, the governor said the state has $1.5 billion in reserve to battle fires.

    Schwarzenegger was at the scene of one of the fires -- one of two in the San Fernando Valley that have destroyed nearly 15,000 acres and are blamed for at least two deaths.

    One fire, near Lake View Terrace, is 70% contained and some mandatory evacuations there have been lifted. But another 10 miles away in Porter Ranch is being driven by erratic winds and it nearly doubled in size overnight.

     

    Fox Business Video