January 17, 2020

Farm Bill; Ag Economy; Regulations; and Biofuels

Editor’s Note:  The original version of this update mischaracterized this document from today’s Washington Post as “the Boenher plan,” actually, it is the “Reid” plan.

Farm Bill- Budget Issues

Paul Kane reported in today’s Washington Post that, “President Obama and House Speaker John A. Boehner escalated their battle over the national debt on Monday, pressing their arguments in a pair of prime-time television addresses as Congress remained at a loss over how to keep the United States from defaulting next week for the first time.

“The challenge facing any plan for reducing the debt was underscored when a new Republican proposal to raise the ceiling on federal borrowing was met Monday with misgivings by some conservatives and skepticism by many GOP freshmen. That called into question whether Boehner (R-Ohio) could even get his own caucus to back his approach.

“As Boehner tried to rally support for his two-step plan [CORRECTION: the link to this document is Sen Reid’s plan] to cut $3 trillion in spending, Senate Majority Leader Harry M. Reid (D-Nev.) offered a strikingly similar proposal for increasing the debt limit before the Aug. 2 deadline. The two leaders, however, remained bitterly divided over Boehner’s demand to hold another vote next year to further expand the government’s borrowing authority.”