January 24, 2020

Direct Payments – Budget Issues; Crop Insurance; and The New Deputy Secretary

Direct Payments – Budget Issues

The “Washington Insider” section of DTN indicated yesterday (link requires subscription) that, “Inside the Washington Beltway, only a little beneath the surface of nearly every conversation on current events, is deep concern about the economy. Just beneath that is concern about how the deficits will be controlled in the future.”

The DTN item noted that, “Still, like most administrations, this one says it will put the country on ‘a sustainable fiscal course’ by the end of Obama’s first term, Peter Orszag, the director of the Office of Management and Budget, told the press last week. And, like most administrations, this one is still somewhat short on details. However, the president on Monday held a White House summit on fiscal responsibility and pledged to bring federal spending and tax collections back into balance after the huge spending spree on the economic crisis.

Then, the administration will shift focus slightly away from the stimulus package toward more routine budget matters. Tonight, President Obama will appear before a joint session of Congress and on Thursday, the administration’s fiscal 2010 budget plan will go to Congress, with more detailed budget documents to follow later in the spring.”