Another reprieve for National Flood Insurance Program is in question after a temporary extension to the oft-extended program was dropped from a jobs bill advancing in the Senate.
The dropping of the NFIP extension came as Senate Majority Leader Harry Reid sought to trim the $85 billion Hiring Incentives to Restore Employment Act down to a more politically viable $15 billion package. Although the larger bill had bipartisan support from Senate Finance Committee, Chairman Max Baucus (D-Mont.) and Sen. Chuck Grassley, (R-Iowa), Reid has said he favors a series of pared-down bills as opposed to a large one.
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