The Senate on Saturday approved final congressional backing for legislation that will extend the U.S. flood insurance program until March 6, 2009. The House of Representatives had passed the measure earlier in the week.The measure, which must get the backing of President George W. Bush, would allow lawmarkers more time to attempt to resolve disputes over reforming the program, which is looking at debt to the tune of $18 billion.
The short-term extension stops the National Flood Insurance Program from expiring as scheduled on Tuesday.
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1 comment:
this would have been devastating to not renew the flood program. it's the only way people have of covering themselves. But only to extend to 2009? That is still a bit scary.
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