FarmPolicy

May 17, 2012

Budget; Farm Bill; Ag Economy; CFTC (MF Global); and Regulations

Budget- Payroll Tax- Appropriations

Pete Kasperowicz reported on Friday at the Hill’s Floor Action Blog that, “The GOP this week couldn’t stop President Obama’s request to raise the debt ceiling by another $1.2 trillion. Next week, House Republicans will counter by advancing bills that they hope will create an incentive to slow deficit spending through changes to the budget process.

“Among other things, the House will take up bills that require a study on how spending bills affect the economy, and remove automatic inflation-related spending increases. Republicans will also be advancing other budget reform bills in committee that are not yet ready for floor action.”

Mr. Kasperowicz added that, “In the background, members of the House and Senate are continuing to work on a compromise for extending the payroll tax holiday, unemployment insurance, and the doc fix beyond the end of February, when they expire.”

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