The political and financial fallout from Superstorm Sandy will continue despite President Obama signing legislation on Sunday that will allow the National Flood Insurance Program to continue to pay claims.
Congress passed and sent to President Obama for signature today legislation that increases the borrowing authority for the National Flood Insurance Program by one-third.
The House vote Friday on aid to Superstorm Sandy victims will only be for raising the cap on the National Flood Insurance Program's borrowing authority.
House Republicans are going to let the 112th Congress expire Wednesday without action on a Superstorm Sandy relief bill that includes a 50 percent increase in the National Flood Insurance Programs borrowing authority.
House Republicans are going to let the 112th Congress expire Wednesday without action on a Superstorm Sandy relief bill that includes a 50 percent increase in the National Flood Insurance Programs borrowing authority.
The House drew the nation back from the fiscal cliff Tuesday night when it approved legislation that, amongst other provisions, makes the current estate-tax policy permanent.
The House drew the nation back from the fiscal cliff Tuesday night when it approved legislation that, amongst other provisions, makes the current estate-tax policy permanent.
Talks intensified Friday as congressional leaders and President Obama worked to avert a combination of tax hikes and budget cuts scheduled to go into effect Tuesday that economists fear could send the economy into recession.