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News Briefing: Red Cross Will Receive $100 Million from U.S.
- A prolonged recession and a tight credit market would cripple New Orleans’ still-fragile recovery from Hurricane Katrina. [Associated Press]
- The Red Cross receives $100 million in emergency funding to replenish its disaster-relief reserves. [Washington Post]
- The Asian Development Bank will gives Cambodia $35 million in emergency food aid. [Associated Press]