MICHELLE BRUNETTI POST / PRESS OF ATLANTIC CITY – A flood insurance program heavily subsidized by taxpayers and $25 billion in debt will end July 31 if not reauthorized by Congress.
Reauthorization is a chance for lawmakers to save the program by changing it — either by drastically cutting costs or increasing revenue.
But in the past year, Congress has handled several other deadlines by extending the existing National Flood Insurance Program for a few months at a time …
