About 1,000 residents near the compromised Beaver Dam were told to evacuate Wednesday morning, though the order was lifted several hours later when crews shored up the dam.
U.S. Senator Lindsey Graham warned the disaster could "break the bank" of federal emergency funds, possibly topping more than $1 billion.
At least 17 people in South Carolina and North Carolina have died in the storm.
In coastal Georgetown, one of America's oldest cities, Scott Youngblood put more sandbags by the door of the Augustus & Carolina furniture store on Front Street, the popular tourist attraction that runs along the Sampit River.
Each day since last weekend's storm, which sent more than a foot of water washing down the street, water at high tide has lapped against those sandbags. Residents worried there may be more flooding on the Black and Waccamaw rivers. Both drain into Georgetown County.
The Waccamaw was expected to crest at 5 feet above flood stage in Conway, in Horry County, on Thursday. The Black crested Tuesday upstream at Kingstree at about 10 feet above flood stage, breaking a record, town officials said.
Youngblood hopes things won't be as bad as earlier in the week.
"We're hanging our hat on that we're not going to have that combination of tide and rain and such," he said. "We had so much rain, but the primary thing we were experiencing was the water table coming up through the bottom bubbling up from beneath the flooring. We had quite a bit of damage."
Gov. Nikki Haley took an aerial tour of damaged areas Tuesday, and planned to visit the coast Wednesday afternoon.
"We are watching this minute by minute," she said. She said evacuations may be needed toward the coast because of swollen rivers.
At a shelter in Columbia, Graham said it would take weeks to get a good damage assessment.
"We're talking hundreds of millions (of dollars), maybe over a billion," he said.
On Tuesday, the governor said it could be "any amount of dollars."
Graham also warned state and county officials not to use the disaster as an opportunity to ask for money unrelated to flood damage. He criticized the federal government's aid package to the Northeast following Hurricane Sandy in 2012, calling it a "pork-laden monstrosity."
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