Unrelenting inflation continues to weigh down the U.S. economy and agriculture. Still, CoBank says it believes the Fed will stick with its decision to cut interest rates three times in 2024.
President Biden delivered a defiant argument for a second term in his SOTU speech Thursday. From the economy to his thoughts on infrastructure, the border and climate, there were several key takeaways for agriculture.
Analysts say an initial cut could be made as early as first quarter 2024. One of the key factors the central banking system will consider is whether its inflation rate target of 2% has been achieved.
For example, Rep. Ralph Norman in the past unsuccessfully pushed crop insurance amendments that would have cut premium incentives/subsidies by 15% for producers with specified adjusted gross incomes.
Some legislative officials have discussed the possibility that the Treasury could use an obscure law authorizing platinum coins to circumvent Congress if lawmakers don't raise the debt ceiling.
Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.
After four days and 15 rounds of voting, McCarthy’s wait to become Speaker of the House has ended. During his first year as Speaker, he will need to raise the debt limit and fund the government.
“For the next two years, I am intensely focused on… leading the passage of the next five-year Farm Bill, which determines our nation’s food and agriculture policies," says Sen. Stabenow.
The agreement will allow lawmakers to spend the coming week hashing out specific spending levels for each federal agency as well as what legislative items they will attach to the bill, likely including ag aid.
Officials have been bracing for an influx of migrants when the authority lifts on Dec. 21. The Dept. of Homeland Security is projecting 14,000 migrants may then attempt to cross the U.S. southern border per day.
Georgia voters today will decide the final Senate contest in the country, choosing between Democratic incumbent Sen. Raphael Warnock and Republican challenger Herschel Walker.
Thompson is gearing up to replace Rep. Scott as the House Ag chairman in Jan. With his new title in tow, Thompson will be working alongside current Senate Ag Chairwoman Stabenow to pass farm bill 2023.
Pelosi is to step down as leader of the Democratic Party in the House, a position she has held since 2003. House Majority Leader Steny Hoyer says he will remain in Congress but won’t seek a leadership position.
Most now look for President Biden to increase his use of executive orders and regulations to fulfill some other goals, including those in the coming farm bill.
“I strongly believe Trump should no longer be the face of the Republican Party,” said former Representative Peter King of New York, a longtime Trump supporter.
What caused the polls to shift away from the predicted ‘red wave’ many had suggested? It comes down to multiple factors, including abortion, Trump and voter turnout.
Following the inauguration of President Joe Biden, the 46th President of the United States, agriculture industry leaders congratulated Biden and Vice President Kamala Harris.
U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
During election week, the markets are even more unpredictable than normal. So, what are some factors farmers should watch—no matter the outcome after Tuesday? University of Missouri economists weigh in.
While national polls show President Donald Trump trailing former Vice President Joe Biden in the race for the White House, the latest Farm Journal Pulse shows continuing strong support for the president in farm country.
Canada’s Minister of Agriculture, Mexico’s Secretary of Agriculture joined Perdue and took questions from the audience. They didn’t have many answers when asked when steel and aluminum tariffs may be lifted.
President Donald Trump said he had a productive conversation with Chinese President Xi Jinping on trade and North Korea ahead of a highly anticipated meeting planned between the two leaders at the G-20 summit this month.
Devin Nunes once said all he wanted to do was work on a dairy farm. Now the man from the rural Central Valley of California is running one of the most scrutinized, complex and politically fraught congressional investigations in recent memory.