Emergency funding for the water crisis in Flint, Michigan, has now bogged down the CR and is leading to the political brinksmanship in Congress. However, all House members and 34 senators are up for re-election this year and thus motivated to avoid the government shutdown that could ensue.
A draft of the Senate’s FY 2017 continuing resolution (CR), the stopgap funding measure to keep the federal government open after FY 2016 ends 30 September, was circulated on Capitol Hill yesterday. By this afternoon, the measure was essentially dead. The draft would extend funding at FY 2016 levels through 9 December, allowing a lame-duck session of Congress to either pass appropriations bills for the remainder of FY 2017 or another short-term f...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
