The on-again, off-again negotiations over the next round of COVID relief entered a new phase this week. The White House offered a compromise $1.8 trillion package that it would back in response to the House’s latest version that was passed totaling $2.2 trillion – a scaled down version of its $3.4 trillion plan passed in May. There is some reluctance in the Senate to agree on the $1.8 trillion price tag, but President Trump said the Republican Senate “will come on board.” Below is a rough timeline of the back and forth negotiations over the budget totals.
The two sides have closed the gap between the spending plans from $2.4 trillion to $400 billion, but still have not reached a deal. House Speaker Nancy Pel...
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...
