The estimated total economic losses from the firestorm are more than $250 billion.

California Gov. Gavin Newsom, the California governor, has asked Congress for nearly $40 billion to aid the Los Angeles region recover from the devastating wildfires that ravaged the area in January. He said the disaster could be the most expensive natural disaster in U.S. History.

Newsom wrote a letter to lawmakers on Friday, including House Speaker Mike Johnson. Rep. Tom Cole, R-Oklahoma, the House Appropriations Committee Chair.

Newsom wrote that Los Angeles was one of the world’s most productive economic places, but the city could only recover and thrive with the support from the federal authorities as it recovered from this unprecedented catastrophe.

1776 Coalition Sponsored 2025 could be the Saddest Year Israel has been at war for over 500 days. Over 50 hostages are still in captivity and the military remains on high alert. All of Israel remains under a cloud of uncertainty. The Genesis123Foundation continues to provide resources to the people of Israel and its army. These funds will be used to ensure Israel’s soldiers and security forces can safeguard Israel by providing essentials such as: Modern body armor, Medical supplies, and Life-saving equipment Will you help equip Israel’s Soldiers and Security forces?

Los Angeles Times estimates that the total loss of economic activity from the firestorm could be as high as $250 billion. Real estate losses due to the Palisades fire and the Eaton fire are expected to top $30 billion. As flames tore through Pacific Palisades and Malibu as well as Pasadena, Altadena, and Pasadena, more than 16,200 buildings were destroyed.

Newsom promised that the money would be used for the rebuilding of homes, businesses, schools and churches, as well as health care facilities. He also pledged to support the needs of those affected by the destruction.

Newsom wrote: “Make no mistake about it, Los Angeles is going to use this money well.”

The Federal Emergency Management Agency has been asked to provide an additional $16,8 billion, mainly for infrastructure and property rebuilding, but also $5 billion for debris removal.

Newsom asked the Department of Housing and Urban Development to grant $9.9 billion in grants for fire victims, homeowners and businesses, and $5.29 billion for loans for home and business owners.

Newsom thanked Donald Trump for his support in accelerating the debris removal process. The letter didn’t mention the recent threats made by the Trump Administration that federal aid might come with strings attached.

Newsom stated, “We will always be grateful.”

Trump has repeatedly criticized Newsom’s and California’s policies on water. Ric Grenell is a Trump ally who serves as his envoy to special missions. He said on Friday that any federal assistance for California would be subject to conditions.

He said that one of the conditions being discussed is the defunding of the California Coastal Commission. The commission regulates coastal developments and protects the public beach access. Trump has criticised the agency for being overly bureaucratic, restrictive and hindering timely rebuilding efforts.