Hurricane Sandy Rips Through East Coast, Costs Billions

Hurricane Sandy stormed through the East Coast earlier this week, causing billions of dollars in damage and taking 38 lives, according to the New York Times.

"The devastation on the Jersey Shore is some of the worst we've ever seen," said New Jersey governor Chris Christie. "The cost of the storm is incalculable at this point."

According to IHS Global Insight, Sandy will cost $30 billion in property damage alone. The storm flooded the New York City subway system.

Millions of residents in Sandy's path were left without power. Hurricane Sandy is estimated to be one of the most costly natural disasters in United States history.