This week will be the most important so far when it comes to climate policy. In connection with a global leaders summit that President Joe Biden is holding online Thursday and Friday, the administration is expected to release a new pledge for reducing U.S. greenhouse gas emissions.
President Joe Biden is set to announce his infrastructure plan on Wednesday, and it looks like he will also propose the tax increases he wants to use to pay for it. White House Press Secretary Jen Psaki confirmed on Monday that the cost of the infrastructure package would be offset dollar for dollar.
The House this week is expected to clear President Joe Biden’s $1.9 trillion American Rescue Plan after Senate Democrats fought off GOP attempts to gut the package in a marathon debate that went all night Friday to nearly noon on Saturday.
Brazil is the third largest wheat-importing country in the world, and while it’s already a strong customer of the U.S., representatives of American farmers say there’s plenty of room for more business as they continue a campaign to win over more Brazilian millers and bakers who make the country’s bread, cookies, cakes and pasta.
European farmers and ranchers offered their support as the EU signed pacts with Mexico, Japan, Singapore and South Korea, but they are raising alarms now over a massive deal with four South American countries that make up the Mercosur trade bloc.
The House Agriculture Committee will debate a $16 billion stimulus measure that includes a substantial down payment on Democrats’ promise to address racial justice issues. The committee’s draft bill, which will be part of a broader $1.9 trillion stimulus package, would provide sweeping debt relief to minority farmers on USDA loans.
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.