President Donald Trump is expected to propose an initial $5.9 billion. Texas authorities say the state might need more than $125 billion.
At least 39 people have died in the storm and its aftermath. East of Houston, floodwaters are still rising.
Visiting Texas, VP Mike Pence promised federal help to “rebuild bigger and better than ever before”.
Mike Pence said 311,000 people had registered for disaster assistance. It is not yet clear how quickly funds might reach victims.
Visiting the battered town of Rockport, Mike Pence paid tribute to the people of Texas: “The resilience of the people of Texas has been inspiring.”
He added: “The American people are with you. We are here today, we will be here tomorrow and we will be here every day until this city and this state and this region rebuild bigger and better than ever before.”
The White House also said President Trump would donate $1 million of his own money to the relief effort.
Firefighters in Houston have been carrying out door-to-door searches for survivors and bodies in an operation that could take up to two weeks.
Rescue operations are still continuing further east, where floodwaters are still rising.
Hundreds of thousands of residents who were evacuated or chose to leave are being warned not to return home until they are told it is safe to do so.
Earlier, a senior White House aide said about 100,000 homes, not all of which were fully insured, had been affected by the storm and the flooding that accompanied it.
The US Federal Emergency Management Agency (FEMA) said its teams had rescued more than 3,800 people, and more than 90,000 had already been approved for disaster assistance.
FEMA also warned that residents were being targeted by scams. There are reports of criminals impersonating inspectors and immigration officials.
Others were receiving fraudulent calls about flood insurance claiming a premium must be paid or coverage would be lost.
Energy suppliers in southern Texas were forced to shut down refineries and close off pipelines, sending petrol prices higher across the US. Many have restarted operations, but it could take weeks before production is back to normal.
Residents returning to their homes are also facing challenges.
The Environmental Protection Agency is warning residents that floodwater can contain bacteria and other contaminants from overflowing sewers. It said the biggest threat to public health was access to safe drinking water.
One chemical plant in Crosby, near Houston, caught fire on August 31, and more fires are expected in the coming days.
Chemicals stored at the flooded Arkema plant are no longer being refrigerated, making them combustible.
Residents have been evacuated from the plant in a 1.5 mile radius, and smoke was seen rising from the site on August 31.
President Trump and First Lady Melania Trump are expected to return to Texas on September 2.
The president visited Texas earlier in the week but limited his visit to Corpus Christi, which avoided the worst of the flooding, over fears his presence could divert resources from rescue efforts.
Storm Harvey has been downgraded to a tropical depression and is expected to dissipate in Ohio on Saturday evening.
Several inches of rainfall are expected in Tennessee and Kentucky over the next two days, and flood warnings remain in effect in parts of Arkansas, Mississippi, Tennessee, Kentucky, Texas, and Louisiana.
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