In response to being asked whether Lousiana homeowners can get some relief from flood insurance hikes, House Financial Services Committee Chairman Jeb Hensarling, R-Texas, said, "I hope."

As unclear as that answer might seem, it signals that some House Republicans are ready for compromise on Biggert-Waters on the eve of a closed-door meeting regarding flood insurance with key House Republicans as reported by's Bruce Alpert.

Read the full NOLA article here.