By James Paladino (staff@latinospost.com) | First Posted: Oct 31, 2012 02:30 PM EDT

New York City is slowly getting back on its feet, but the metropolis will not heal overnight.

According to a Fox News report, 59 people lost their lives during the storm, the subway systems are flooded, millions of people lost their power, and billions of dollars of damage were inflicted on NYC.

Barack Obama spoke at an American Red Cross and stated that "This is a tough time for millions of people...But America is tougher." The president urged any government officials who are experiencing bureaucracy or red tape to call him at the White House personally.

New York Mayor Michael Bloomberg said, "We will get through the days ahead by doing what we always do in tough times-by standing together, shoulder to shoulder, ready to help a neighbor, comfort a stranger and get the city we love back on its feet."

The cost of rebuilding affected areas could reach $20 billion dollars, according to the forecasting firm IHS Global Insight. The company's figures show that $10 billion to $30 billion of lost business accumulated during the storm.

The New York Stock Exchange reopened today, in a step towards returning to normalcy.  

Fox News adds that "roughly 6.5 million homes and businesses were still without power, including 4 million in New York and New Jersey. Electricity was out as far west as Wisconsin and as far south as the Carolinas. More than 8.2 million lost electricity at the height of the disaster."

Reuters notes that 786,000 homes and businesses that housed customers of Consolidated Edison remained powerless on Wednesday, including 176,000 in Westchester County, 237,000 in Manhattan, 109,000 in Queens, 115,000 in Staten Island, 108,000 in Brooklyn, and 40,000 in the Bronx.

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