Congress approves 9.7 billion in Sandy flood aid
The new Congress rushed out 9.7 billion to replenish the National Flood Insurance Program and pay flood claims for 115,000 people and businesses affected by Superstorm Sandy. The vote followed GOP objections to a larger aid package and comes as White House and state leaders urged fast action on the rest of Obama’s request.
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U.S. job market shrugs off fiscal cliff fears
December hiring rose by 155,000 with the unemployment rate at 7.8 percent after a November revision. Construction added 30,000 jobs and manufacturing 25,000 as hours and wages edged higher, signaling resilience despite fiscal policy tensions. Arteriocyte cites potential spending cuts as a risk to revenue.
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