Weekly Food and Agriculture Update – 6.27
June 27, 2023 Contents The House and Senate will be out of session until July 7th. The Torrey Advisory Group newsletter will resume when Congress reconvenes. What We’re Watching Congress Appropriations The Senate Appropriations Committee unanimously passed their version of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act last week. Overall funding is at […]
Weekly Food and Agriculture Update – 6.20
June 20, 2023 Contents What We’re Watching Congress Appropriations The House Appropriations Committee passed their Agriculture, Rural Development, FDA, and Related Agencies bill last week with a party-line vote of 34-27. The total overall funding was cut by about $8 billion to a total of $17.8 billion, which reverts back to FY22 levels of spending. Reductions in the spending can […]
Weekly Food and Agriculture Update – 6.13
June 13, 2023 Contents What We’re Watching Congress Farm Bill Late last week, Senate Minority Leader Mitch McConnell (R-KY) called for action on the farm bill. In a speech to the Senate, the Minority Leader said “Congress needs to do its job and get this legislation across the finish line – swiftly… This legislation is the cornerstone […]
Weekly Food and Agriculture Update – 6.6
June 6, 2023 Contents What We’re Watching Congress Debt Ceiling Last week, the Senate voted, 63-36, to pass the debt ceiling compromise bill, The Fiscal Responsibility Act of 2023. President Biden signed the bill into law on June 3, just two days before the U.S. Treasury Department’s June 5 deadline. The law suspends the nation’s debt […]
Weekly Food and Agriculture Update – 5.30
May 30, 2023 Contents What We’re Watching Congress Debt Ceiling Discussions around the debt ceiling continued over Memorial Day weekend, with President Biden and House Speaker Kevin McCarthy (R-CA) reaching a deal, the Fiscal Responsibility Act. The bill will raise the debt ceiling for two years until 2025, with a defense limit of $868.349 billion and a nondefense […]
Weekly Food and Agriculture Update – 5.23
May 23, 2023 Contents What We’re Watching Congress Debt Ceiling President Biden and Speaker Kevin McCarthy (R-CA) had their first one-on-one meeting in several months on Monday to discuss a deal to address the debt ceiling, with only nine days until the estimated June 1 deadline when the U.S. government defaults on its $31 trillion-plus debt. […]
Weekly Food and Agriculture Update – 5.16
May 16, 2023 Contents What We’re Watching Congress Debt Ceiling The debt ceiling discussion continues as the countdown until June 1, the U.S. Treasury’s estimated X date, is just 15 days away. Over the weekend and on Monday, Congressional leaders and staff met to continue negotiations. A meeting is expected today (5/16) among President Biden and […]
Weekly Food and Agriculture Update – 5.9
May 9, 2023 Contents What We’re Watching Congress Debt Ceiling Debate Continues House and Senate leadership are set to meet with President Biden today (5/9) regarding legislative action to address the looming debt default . This meeting comes after 43 Senate Republicans signed a letter calling for budget reform and spending cuts, echoing the same message as […]
Weekly Food and Agriculture Update – 5.2
May 2, 2023 Contents What We’re Watching Congress Last week, the House passed the Limit, Save, Grow Act by a vote of 217-215. The $4.5 trillion GOP bill would increase the debt limit until March 2024 while cutting federal spending by tens of billions of dollars. The legislation would expand SNAP work requirements for adults as old […]
Weekly Food and Agriculture Update – 4.25
April 25, 2023 Contents What We’re Watching Congress The House is set to vote this week on a $4.5 trillion GOP bill, the Limit, Save, Grow Act, that would raise the debt limit into 2024 while cutting federal spending by tens of billions of dollars. The legislation would expand SNAP work requirements for adults as old as 55, currently set […]
