Billion, Superstorm Sandy | featured news

Congress is sending a $50.5 billion emergency relief measure for Superstorm Sandy victims to President Barack Obama for his signature.

The House has overwhelmingly approved $9.7 billion to pay flood insurance claims for the many home and business owners flooded out by Superstorm Sandy. The vote came more than two months after the storm hit and days after Northeast Republicans erupted over House Speaker John Boehner's decision to delay an earlier vote.

Superstorm Sandy ran up a $42 billion bill on New York and the state and New York City congressional leaders are preparing big requests for federal disaster aid....

N.Y. Gov. Cuomo plans to request at least $30 billion in aid to repair infrastructure damaged by Superstorm Sandy.

Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm....