US Congress backs deal to avert ‘dairy cliff’
US Congress has cleared a bill that will extend the government’s current milk-buying programme - eff…US Congress has cleared a bill that will extend the government’s current milk-buying programme - effectively preventing a steep increase in the price of dairy products.
The bill, which has become more commonly known as the ‘fiscal cliff’ deal, was designed to avoid tax hikes and spending cuts. It also contains a nine-month extension on recently expired 2008 Farm Law programmes.
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