Business

Congress approves $9.7 billion in Sandy flood aid

Posted January 04, 2013 5:00 am

Associated Press

WASHINGTON — The new Congress has passed a $9.7 billion bill to help pay flood insurance claims to homeowners, renters and businesses damaged by Superstorm Sandy.

The bill cleared the Senate following passage earlier Friday by the House. It replenishes the National Flood Insurance Program that was due to run out of money next week with some 115,000 Sandy-related claims as well as 5,000 from other floods unresolved.

The late October storm ravaged the coast from North Carolina to Maine, with the worst flooding occurring in New York City and its suburbs, Atlantic City, N.J., along the Connecticut coastline. Votes are planned later this month on another $51 billion aid package. The government already has spent more than $2 billion as part of the emergency response to the storm.

Article Comments

Article Categories
Business Nation and World News Politics

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.