Bush, Clinton team up again to aid Ike victims

September 24, 2008 9:44:01 AM PDT
Former presidents Bush and Clinton are joining forces again to help out the victims of Hurricane Ike. The former presidents first teamed up to raise $11 million for tsunami victims, then worked to raise private money to help victims of hurricanes Katrina and Rita.

The two announced their new fundraising drive at a surprise joint appearance at the Clinton Global Initiative in New York on Wednesday.

The new Bush-Clinton hurricane recovery fund won't make grants to individuals or families. Instead, it will coordinate with the hardest-hit cities and towns along the Texas and Louisiana Gulf Coast to finance infrastructure projects.