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US: Tornado losses seen in billions; Obama promises help

TUSCALOOSA, Ala., - US President Barack Obama promised federal aid on Friday to the tornado-ravaged US South, where deadly twisters have killed at least 339 people and caused billions of dollars in damage.
Obama toured smashed homes and met survivors on a visit to the worst-hit state, Alabama. It was one of seven southern US states mauled by recent tornadoes and storms which have caused insured losses of between $2 billion and $5 billion, according to one catastrophe risk modeler's estimate.