Damage in Quechee, VT (courtesty Creative Commons)

Three people have been confirmed dead in the storm. One woman and a child were swept away by floods and the body of one of two men who went missing while checking the city of Rutland’s water system has been found, The Daily Beast reports.

About 50,000 homes and businesses are without power, according to the Wall Street Journal.

President Obama has declared Vermont to be in a state of emergency and Gov. Peter Shumlin called it a “full-blown flooding catastrophe,” according to The Daily Beast.

State offices are closed and the National Guard deployed six rapid response teams, ABC reports.

Damage from Irene is now believed to be in the billions of dollars. This makes Irene the 10th billion-dollar storm in 2011, according to ABC.

"The effects are still being felt across much of the country including in New England and states like Vermont, where there's been an enormous amount of flooding," President Obama told NPR. "So our response continues, but I'm going to make sure that FEMA and other agencies are doing everything in their power to help people on the ground."

Dams are still being threatened by overflowing rivers. Portions of main roads such as U.S. Route 4 were washed out or flooded by rising rivers, the Wall Street Journal reports.

Officials are telling people in effected areas of Vermont to stay off roads and get to high ground.

There are signs the flooding is going down, however, Robert Stirewalt, a spokesman for the emergency management agency told the Wall Street Journal.

Reach Hannah Madans here.