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Congress Passes Bill to Extend Borrowing Authority

Congress has approved must-do legislation to permit the government to borrow hundreds of billions of dollars more to meet its obligations, averting a first-ever government default that had loomed as early as mid-February.

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Mark Wilson, Getty Images
Mark Wilson, Getty Images
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Steve Sweeney Wants “Integrity Monitors” For Sandy Money [POLL/AUDIO]

Congress has approved a total of more than $60 billion in Sandy relief aid for the Garden State and New York. The top Democrat in the New Jersey Senate says when you're talking about that much money, you had better make sure none of it is squandered.

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U.S. Senate Sets Monday Vote on Sandy Aid Bill

The Senate is set to vote Monday on a $50.5 billion emergency relief bill to help victims of Superstorm Sandy.

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House Passes Bill to Defuse Debt Crisis

The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit.

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GOP Moves to Delay Debt-Ceiling Showdown

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.

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Flickr User Thisisbossi
Flickr User Thisisbossi
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NJ Congressman Worried About Potential Shoreline Cuts [AUDIO]

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.

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Rep. Frank LoBiondo (R)
Rep. Frank LoBiondo (R) (CSPAN)
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Sandy Relief Package Finally Passes Through House [AUDIO]

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.

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113th Congress
113th Congress (Mark Wilson/Getty Images)
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NJ Sandy Recovery Hinges On Federal Funds, Report Says [AUDIO]

If New Jersey is to completely recover from the destruction and devastation caused by Sandy, the state has receive at least $25 billion in federal funds.

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Government Could Pass Debt Limit by Mid-February, Geithner Says

Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected.

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Governor Chris Christie
Governor Chris Christie speaks with NJ101.5's Kevin McArdle at the Statehouse in Trenton, N.J. on Thursday, Jan. 3, 2013. (Governor's Office/Tim Larsen)
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Governor Christie Talks About Sandy Relief Cash [AUDIO]

Tomorrow in Washington, D.C., the House is expected to vote on the remaining $51 billion in Sandy Relief aid for New Jersey and New York.

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