Without a farm bill, dairy policy will revert to 1949 law, and wholesale milk prices could double. But the Senate Agriculture Committee chairwoman says she expects a bill to pass in January, in time to avert a spike in milk prices.
A recent op-ed from a centrist Democratic think tank reignited an intraparty fight over the political pluses and perils of economic populism. But there are good reasons why we're unlikely to see a repeat of the battles of the mid-1980s.
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