(NEW YORK) — Taxes may be going up if Congress can’t reach a deal by midnight to avoid the country from going over the so-called “fiscal cliff.” But it looks like milk prices won’t be soaring.
Leaders on the House and Senate Agriculture committees reached an agreement on Sunday to extend the 2008 farm bill that expired in October by one year. The move could help prevent customers from paying twice as much for a gallon of milk next month.
Congress could vote on the bill as early as Monday.
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Brian Stelter, CNN Money
Ahiza Garcia, CNN
Sarah Anderson, Deseret News
David Goldman, CNN