Biden says rebuilding from LA fires will take 'tens of billions of dollars'

Rebuilding after the fires that left some Los Angeles neighborhoods in smoldering ruins over the past week will carry a staggering cost in the billions of dollars, U.S. President Joe Biden said Monday in a briefing with emergency officials.

"It's going to cost tens of billions of dollars to get Los Angeles back where it was," Biden said, as California's largest city braced for a return of fierce winds that threaten to fan the flames that have already claimed at least 24 lives.