After a reported breakdown in the budget talks, the lead congressional negotiators met three times on Monday and finally reached what is being called an “agreement in principle.” Details of the package will likely not be released until Wednesday (13 February), but the key sticking points on border security have been hashed out in a compromise. Reportedly, there is an agreement to do the following:
provide $1.37 billion for 55 miles of strategically placed border “barriers” (the president sought $5.7 billion) reduce the number of immigration and customs enforcement (ICE) detention beds by 17 percent with no hard cap on total detentions (decreasing the currently reported average 46,000 detentions per day to 4...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
