Senate votes to delay flood insurance hikes

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Setting aside objections from President Obama, the Senate Thursday voted to delay hefty rate increases in federal flood insurance for coastal homeowners and businesses from Maine to California. The 67-32 vote reflected mounting political opposition to insurance hikes that Congress passed in 2012 to prop up the nation’s nearly bankrupt flood insurance program. The bill, which faces an uncertain outcome in the House, would delay the increases for up to four years.

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