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Shining Light on Farm & Food Policy for 20 Years.
Monday, September 16, 2024
Congressional Democrats are punting the next battle over the debt limit until after the 2022 elections, checking off a key item on their long December to-do list, but chances for moving their Build Back Better bill through the Senate are looking less likely.
Senate Majority Leader Chuck Schumer, D-N.Y., continues to insist on passage of the Build Back Better bill by Christmas, despite ongoing concerns from Sen. Joe Manchin, D-W.V., about the package.
President Biden is meeting with Sen. Joe Manchin, D-W.Va., this week in a bid to address the key lawmaker’s concerns about the administration’s Build Back Better bill.
President Joe Biden plans to personally appeal this week to the key senator holding up the administration’s massive spending package, and the long-awaited nominee to run the Food and Drug Administration gets a hearing in the Senate.
House Agriculture Committee Chairman David Scott says he plans to start holding farm bill hearings in January. And he says the House will likely act on the Growing Climate Solutions Act by early next year as well.
Supermarket prices jumped 0.8% in November, pushing the inflation rate for food costs to 6.4% over the past year, the largest increase for a 12-month period since 2008. The White House claims meatpackers bear a lot of the blame.
The biofuel tax incentives in President Joe Biden’s Build Back Better bill could insure a growing market for soybean oil and other farm commodities, but the trucking industry worries the subsidies will kick off a war with the airlines over feedstocks.