Bill Clinton: “Thank you very much. That's very encouraging. And I know all the Governors listened closely to it. I'm going to wait to…”

“Thank you very much. That's very encouraging. And I know all the Governors listened closely to it. I'm going to wait to hear from you, from the Governors, about exactly how you would advise me to proceed on the CDBG issue and the waivers. You can be in touch directly with us or Secretary Cisneros. But I thank him for that very comprehensive discussion. We need now to have a brief presentation from Mr. Panetta about the legislation now pending in the Congress. We are running about 30 minutes behind. We're actually only about 10 minutes behind because we started 20 minutes late because of the transportation. I think that's remarkable. But I would like to ask Leon just to run briefly through a summary of where we are right now and what the sort of timetable is for the movement through Congress as well. [Director Panetta said he expected a House vote on disaster assistance legislation by July 22 and rapid Senate action as well. He then listed specific elements of the package.]”