President Obama Signs Sandy Aid Bill

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President Barak Obama has signed a bill offering $9.7 billion in aid to victims of Superstorm Sandy. The new law will help pay for flood insurance claims.

According to administration, more than 100,000 flood claim payments from Sandy would be delayed without the money.

Part of the newly signed measure increases the borrowing powers of the Federal Emergency Management Agency. FEMA had warned that it was set to run out of money without additional dollars from Congress.

The House has yet to act on a larger, more comprehensive Sandy aid package. Republican leaders did not bring the bill to the floor before the last session of Congress adjourned - a move that sparked much criticism from lawmakers on both sides.

House Speaker John Boehner has promised a vote Jan. 15 on that $51 billion package, and Senate leaders have promised a vote the following week.

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