January 22, 2020

Budget and Farm Bill; Regulations; Trade; and MF Global

Budget and Farm Bill Issues

Janet Hook reported in today’s Wall Street Journal that, “Congress lurched toward another round of political brinksmanship, as haggling over payroll-tax relief has slowed approval of a year-end budget bill needed to keep the government open beyond Friday.

“The House, on a largely party-line vote, Tuesday passed its version of legislation to extend a payroll-tax break, renew extended unemployment benefits and offset the revenue loss with a package of spending cuts.

President Barack Obama promised to veto the bill because Democrats would rather pay for the tax break and jobless benefits with a tax increase on the wealthy than with spending cuts to health care and other domestic programs.”