Budget Washington, President Joe Biden is expected to propose new tax increases as part of his fiscal year budget /2024

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july12 2024 budget

He suggested sitting down with House Speaker Kevin McCarthy to discuss their differences once the House GOP proposes its own budget.

Republicans, including Senator Chuck Grassley, believe that Biden should propose spending cuts to address inflation. They argue that Democratic spending bills in the past two years have contributed to rising inflation and advocate for spending less than the rate of inflation to combat this issue. budget

This rule redefines wetlands and other areas falling under federal jurisdiction.. He will also make major announcements regarding competition, innovation, consumer protection, and economic opportunities in rural areas. budget

In Washington, farmers, workers, and activists will gather for a climate rally urging lawmakers to use the farm bill to advance policies addressing climate change.

The event includes a rally at Freedom Plaza and a subsequent march to Capitol Hill, followed by lobbying efforts with lawmakers and their aides.

This week’s agenda also includes subcommittee hearings on the farm bill forestry title and discussions on commodity market volatility in the House Agriculture Committee. The Senate Agriculture Committee will focus on the Commodity Futures Trading Commission, with CFTC Chairman Rostin Behnam as the sole witness. budget

Additionally, Agriculture Secretary Vilsack will visit a local school in Contra Costa County,

California, to discuss the administration’s efforts to improve school meals, joined by prominent figures such as Jennifer Siebel Newsom, wife of Gov. Gavin Newsom, California State Supt. Tony Thurmond, and Rep. John Garamendi. The School Nutrition Association will hold its annual legislative action conference in Washington, advocating for the preservation of current nutrition standards in light of supply chain and labor challenges faced by schools. budget

Throughout the week, various events and activities related to agriculture and rural issues will take place, involving policymakers, industry stakeholders, and advocates.

Farmers for Climate Action: Rally for Resilience will take place until Wednesday.

The National Farmers Union annual meeting will be held until Tuesday in San Francisco.

The School Nutrition Association legislative action conference will be held until Tuesday at the JW Marriott.

At noon Agriculture Secretary Tom Vilsack will deliver a speech at the NFU annual meeting, which will be livestreamed

10 a.m. – House Agriculture Subcommittee hearing on the farm bill forestry title at 1300 Longworth.

10 a.m. – Senate Agriculture Committee hearing on the Commodity Futures Trading Commission at 106 Dirksen.

10 a.m. – Senate Budget Committee hearing, “A Burning Issue: The Economic Costs of Wildfire,” at 608 Dirksen.

Noon – USDA releases the monthly World Agricultural Supply and Demand Estimates and the monthly Crop Production report. budget

The White House will release President Joe Biden’s fiscal year 2024 budget proposal.

Commodity Classic will take place until Sunday in Orlando.

8:30 a.m. – USDA releases the Weekly Export Sales report.

10 a.m. – House Agriculture Committee hearing, “Emerging Risks: Managing Volatility in Global Commodity Derivatives Markets,” at 1300 Longworth.

10 a.m. – House Agriculture Appropriations Subcommittee hearing with USDA’s Office of Inspector General at 2362-A Rayburn. budget

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