January 29, 2020

Continuing Resolution; Agricultural Economy; Farm Bill; and Biotech

Continuing Resolution: Political Background

David Rogers reported on Friday at Politico that, “Threats of a government shutdown next week had all but disappeared by late Friday as Democrats reacted favorably to a Republican plan [related bill] that would keep agencies operating past Mar. 4 while making a first down payment toward a larger budget deal.

“The two-week peace is only temporary but gives House and Senate leaders through March 18 to try to resolve conservative demands for more than $60 billion in spending cuts, all concentrated in the second half of this fiscal year.

A first installment of $4 billion in savings would be part of the deal now and Republicans have said they will insist on $2 billion more in cuts for each additional week the talks continue past the new deadline. The novel approach is one devised by Speaker John Boehner (R-Ohio), trying to keep pace with his large freshman class while avoiding the same sort of shutdown that so hurt Republicans in the 1990’s when they confronted then President Bill Clinton.”