Obama Authorizes $30 Billion More in Drought Aid

Money for farmers and ranchers.

The Obama administration is authorizing an additional $30 million to help farmers and ranchers in areas hit by the severe drought.

"This has been an all-hands-on-deck response… But obviously, we've got a lot more to do because a lot of folks are being affected by this," President Obama told reporters at a White House meeting on the drought response.

Obama announced a series of steps to aid families and businesses impacted by the worst drought in 25 years, including increasing lending to small businesses and a Department of Transportation initiative to help commercial truck drivers provide much-needed supplies to the affected areas.