House Republicans revived their farm bill and its expanded work rules for food stamp recipients by narrowly passing the legislation with the help of conservatives who had used the measure as leverage to get the House to act on immigration policy.
Republican and Democratic senators let loose Wednesday with scathing criticism for President Donald Trump’s escalating tariffs and tariff threats that are attracting retaliation from around the globe.
Commerce Secretary Wilbur Ross tried to defend the tariffs at a Senate hearing, but most of the lawmakers appeared not to be swayed.
If history is a guide, there’s little chance Congress will enact a new farm bill this year. Congress hasn’t enacted a farm bill in the same year it was first introduced since 1990, which is what lawmakers are trying to do this year.
“Some deterioration in credit quality” for borrowers in the agricultural sector is evident in a new set of financial indicators of the Farm Credit System posted last week by the system’s federal regulatory agency, the Farm Credit Administration.