Jan. 4 (Bloomberg) -- The U.S. House passed the first installment of emergency disaster aid for victims of Hurricane Sandy.
The 354-67 vote today allows the government flood insurance program to continue paying damage claims. The measure, raising the program’s borrowing authority by $9.7 billion, needed a two-
thirds supermajority to pass under fast-track procedures. (Excerpts inclue remarks from New York Republican Peter King and New Jersey Democrat Frank Pallone. Source: Bloomberg)