Congress faces renewed pressure from both federal and state legislators to reduce the cost of flood insurance. But will the program ever be able to pay down the deficit?

The impact of newer, actuarially sound National Flood Insurance Program rates will mostly be felt by lower- and moderate-income homeowners, and the new rates will not pay off the programs debts, a FEMA official said today.

The impact of newer, actuarially sound National Flood Insurance Program rates will mostly be felt by lower- and moderate-income homeowners, and the new rates will not pay off the programs debts, a FEMA official said today.

Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, has announced he will not run for re-election.

Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, has announced he will not run for re-election.

Force-place insurance underwriters would be barred from paying fees and commissions to banks who own or service home mortgages that are either delinquent or in foreclosure under a rule proposed by the regulator of Freddie Mac and Fannie Mae.

Force-place insurance underwriters would be barred from paying fees and commissions to banks who own or service home mortgages that are either delinquent or in foreclosure under a rule proposed by the regulator of Freddie Mac and Fannie Mae.

Congress is coming under renewed pressure from both state and federal legislators to reduce the cost of flood insurance and provide greater subsidies for the National Flood Insurance Program.