January 20, 2020

How Uncertainty, Speculation Factor Into Gas Prices

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Farm Bill; Regulations; Ag Economy; and Trade

Categories: Audio /Budget /Farm Bill /Trade

Farm Bill: Budget Issues

Katy O’Donnell reported yesterday at National Journal Online that, “At $1.2 trillion, the federal deficit will be $93 billion larger than previously expected in fiscal year 2012, due almost entirely to the cost of a payroll tax cut, the Congressional Budget Office projected Tuesday in its March baseline update.

“The 10-year deficit accumulated by 2022 will fall by $186 billion, according to the CBO.

“The deeper fiscal hole could hurt the GOP’s ability to brag about slashing deficits during election season. But Democrats are unlikely to gain advantage either because they fought against Republican efforts to identify new spending cuts that would offset the cost of the payroll tax cut.”