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Will the Senate pass the $60 billion Sandy recovery bill?

In the midst of debt and deficit negotiations in Washington, politicians are carefully considering all aspects of the proposed billion-dollar superstorm Sandy recovery bill.

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Billionaire investment banker Kenneth Lngone, (l.), listens as New York's Gov. Cuomo speak during a news conference, following a meeting of elected officials, business and labor leaders Dec. 14. Cuomo said Friday that New York has helped out other states after disasters so it's time for the federal government to step up and help New York following superstorm Sandy.

Bebeto Matthews/AP

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The U.S. Senate on Monday began debating a $60.4 billion aid bill to rebuild communities devastated by Superstorm Sandy amid criticism by conservative groups who said the measure was loaded with wasteful, non-disaster spending.

The Democratic-controlled Senate is looking to pass the disaster aid bill this week. But Republicans, wary of its huge price tag in the midst of tense debt and deficit negotiations in Washington, are likely to try to ratchet back some of its provisions through amendments.

Meanwhile, the House of Representatives is taking a slower, more painstaking approach to analyzing the Obama administration's request for funding to rebuild coastal communities largely in New York and New Jersey, repair transportation infrastructure there and provide other aid.

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