Lawmakers Reach Deal to Avoid Rise in Milk Prices

Business

0  Updated at 9:14 am, December 31st, 2012 By: ABC Digital
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Noel Hendrickson/Digital Vision/Thinkstock(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.

Copyright 2012 ABC News Radio



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