U.S. Representative Mike Pompeo says the fate of a wind energy tax credit could be tied to the so-called fiscal cliff negotiations.
Sequestration, or the automatic across-the-board funding cuts set to kick in nationwide at the beginning of 2013, will tally nearly $110 billion in cuts over the next nine years.
Missouri Farm Bureau delegates are gathering at the Lake of the Ozarks this week to set a lobbying agenda for the coming year. Farmers are hoping the looming fiscal cliff will push congress to pass a five-year farm bill.
If lawmakers in Washington don't reach a budget agreement soon, a series of automatic spending cuts and tax increases will take effect.
With only five weeks left in the 112th Congress, Representatives and Senators are under pressure to find common ground among themselves and with the President to avoid the fiscal cliff.
This year, January 1st will not be just another day to nurse a hangover, it also marks the deadline for the United States government to enact regulations to avert a prospective economic crisis.