$9.7 Billion Sandy Aid Package Passes House

Pared down from $63 billion, thought more than $50 billion more in aid is expected to pass in the coming weeks

The House of Representatives voted on Friday to provide about $9.7 billion in relief funding to victims of Superstorm Sandy.

The bill provides funding to the National Flood Insurance program by increasing the Federal Emergency Management Agency's (FEMA) borrowing authority. FEMA, which administers the program, had warned that it would run out of funding for Sandy relief next week. Most of the nearly $10 billion will go to Sandy disaster relief.