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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 26, 2024
The search continues for a bipartisan deal to lift the debt ceiling. House Speaker Kevin McCarthy was upbeat after meeting with President Biden for about an hour and a half Monday evening.
President Joe Biden is due to meet again today with House Speaker Kevin McCarthy, R-Calif., as they struggle to reach an agreement to increase the debt ceiling.
Work requirements remain in play in the debt ceiling negotiations between the White House and House Speaker Kevin McCarthy, R-Calif. It’s still not clear which program might be affected, but President Biden has once again signaled that he might go along with some changes.
A deal has been reached to keep Ukrainian grain exports flowing out of Odesa ports for at least two more months under the Black Sea Grain Initiative, according to Turkish President Recep Tayyip Erdoğan.
Congressional leaders are sounding some notes of optimism after a second meeting with President Biden over the debt ceiling. House Speaker Kevin McCarthy welcomed Biden’s decision to appoint administration officials to lead the negotiations from his side. “I think we set the stage to carry on further conversations,” McCarthy said.
The Mexican government continues to scoff at U.S. concerns over President Andrés Manuel López Obrador's restriction on genetically modified white corn, but the threat of the constraint is real, and damages are already accruing, according to American farmers and farm groups.
The chief economist for Senate Ag Committee’s Republican staff says the Congressional Budget Office’s new farm program forecast does nothing to help lower the cost of making improvements in commodity programs that ag groups are seeking.
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, USDA said Friday.
