Republicans controlling the House are moving quickly to try to defuse a potential debt crisis. They're offering legislation to prevent a first-ever default on U.S. obligations for three months or more.
As the Sandy Relief Bill moves closer to materializing, Congressman Rush Holt (D-12) warns cuts to the Regional Ocean Partnerships in the legislation will prove detrimental to the region as it recovers.
Two and a half months after Superstorm Sandy slammed Jersey, the House of Representatives has finally approved a 51 billion dollar relief package, much to the delight of the New Jersey Congressional delegation.
After initial delay the House of Representatives voted in favor of a 9.7 billion dollar Sandy Flood Aid Bill, the first part of the 60 billion dollars in total Sandy Aid requested by the President and Senate.
The nonpartisan scorekeeper for Congress says the legislation passed earlier this week to avert the "fiscal cliff" could still leave in place deficits averaging more than $900 billion a year over the coming decade if Congress fails to follow its tax increases up with spending cuts.
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