Farm Bill Compromise Reached, But Vote In Question
There's good news and not-so-good news on the Farm Bill.
Despite a bipartisan agreement to extend the 2008 Farm Bill for one year, it's not clear if the proposal will make it to the floor of the House of Representatives.
Congressman Bill Owens said in a phone interview Monday morning that as of Sunday night, "Mr. Boehner had not yet agreed to bring that to the floor."
Owens was referring to Republican House Speaker John Boehner.
Federal lawmakers are trying to avoid a lapse in the Farm Bill, which would send milk prices to 1948 levels and result in doubling the cost of milk at grocery stores.
"So we don't know today whether that bipartisan compromise -- which has again been reached between the House and the Senate -- will even make it to the floor of the House before the end of the year," Owens said.
"I'm hopeful that bill gets to the floor and gets a vote," he said.
Tuesday, March 3, 2015, Watertown, NY
On Wall Street