Katrina Promises to Wreck Federal Budget

Just as Washington was reporting more money coming in -- Katrina blew their estimates out of whack.

The bean counters now believe recovery costs could be as high as $150 billion.

• Congress has already approved more than $10 billion
• President Bush is asking for $50 billion more for now
• Rescue and recovery costs $700 million a day

In addition, the Congressional Budget Office predicts the storm will cost 400,000 American jobs. (USAToday)