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Shining Light on Farm & Food Policy for 20 Years.
Monday, October 07, 2024
With the economic stimulus bill now signed into law, lawmakers are quickly turning their attention to what could be a much heavier lift: climate and infrastructure legislation.
Democrats win Senate approval of President Joe Biden’s $1.9 trillion economic stimulus package after modifying some provisions to assuage party moderates but preserving historic debt relief for minority farmers that Republicans tried to strip from the bill.
USDA’s top climate adviser is trying to dispel concerns that the administration’s carbon spending will crowd out private investors. That’s a concern shared by some entities that are building private carbon credit markets.
Lawmakers have their focus on impeachment for now, but Democratic leaders are likely to try to pivot quickly over the next weeks as President-elect Joe Biden takes office. Climate policy as well as immigration and tax reform will be on the agenda for the Senate.
Farm country may ultimately help Republicans keep control of the Senate, as Rep. Roger Marshall defeated challenger Barbara Bollier in Kansas and Joni Ernst held on to her seat in Iowa against Theresa Greenfield. But some races are still undecided.