Natural Disasters

Sandy Expected to Take $20 Billion Out of the Economy

Not add to it, as some have been arguing

|

Hurricane Sandy is expected to take a $20 billion bite out of the U.S. economy.

The massive storm has put much of New York City in darkness, closed Wall Street and prevented use of the New York subway system for as much as a week, making it extremely difficult, if not impossible, for thousands to get to work in the nation's largest city.