Los Angeles agency reveals estimated economic impact of deadly wildfires as infernos still rage
Fox News
The Los Angeles Economic Development Corporation estimates the recent deadly wildfires have caused more than $50 billion in property damage.
The flames caused approximately $53.8 billion in property damage based on market value, and approximately $28 billion in property damage based on recorded value, according to the LAEDC. Alexandra Koch is a breaking news writer for Fox News Digital. Prior to joining Fox News, Alexandra covered breaking news, crime, religion, and the military in the southeast.
Potentially lost taxes will account for nearly $466 million, according to the assessment.
The Department of Defense is pausing all social media posts, pending a review by the incoming defense secretary, Fox News has learned.
Lawmakers want to know if President Donald Trump's plans of mass deportation for illegal immigrants will impact American farmers and create a worker shortage.
Italy's Supreme Court on Thursday afternoon upheld Amanda Knox's criminal conviction for slandering her former boss, Patrick Lumumba, nearly two decades ago.
Many know of the faith of our Founders and the biblical influence on our nation. As recently as the 1950s, Eisenhower and Congress declared "In God we Trust" our nation’s motto.
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Many know of the faith of our Founders and the biblical influence on our nation. As recently as the 1950s, Eisenhower and Congress declared "In God we Trust" our nation’s motto.
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