Today the Post reports that Representative Lowery is not planning to include replenishing CCC's borrowing authority in the stop-gap continuing resolution Depending on the timing, that means CCC will run out of money before it completes the full $28 billion in MFP payments. (It's hard to find the current CCC balance. The USDA website doesn't show it; you have to dig through the Treasury accounts to get an idea of how much is available of the $30 billion it's authorized by statute. The last time I did that, maybe 6 weeks ago, there seemed to be around $15 billion left.)
This is a followup to the Post story of a couple days ago on the rather unprecedented use of CCC for the MFP.. Unprecedented at least in terms of the size of the payments and also, IMO, in the basis for the use.
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