Debt Desk — Debt Desk — October 12, 2026: Storm Recovery, Diesel Politics and the Monday Financing Test
Good morning. It is Monday, October twelfth.
The remnants of Hurricane Isaias are moving north, and the storm is now two emergencies at once: a recovery operation along the Gulf Coast and a flooding threat through the Appalachians and Mid-Atlantic.
At least four deaths are linked to Isaias. In western North Carolina, rivers overflowed after some locations received between five and nearly ten inches of rain in twenty-four hours. The heaviest rain was beginning to ease Sunday, but rapid river rises, flash flooding and urban flooding remained possible. Tornadoes were also possible in parts of…
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