Bush Says Federal Funds Will Pay Bulk of Hurricane Recovery

Sept. 15 (Bloomberg) -- President George W. Bush will tell the nation tonight that the federal government will work closely with local officials to rebuild cities demolished by Hurricane Katrina and pay most of the cost of infrastructure repairs.

``The work that has begun in the Gulf Coast region will be one of the largest reconstruction efforts the world has ever seen,'' Bush will say, according to excerpts of his speech released by the White House. ``When that job is done, all Americans will have something to be very proud of -- and all Americans are needed in this common effort.''