Senate Fails to Pass Sequester Replacement Bill

The U.S. Senate failed to pass a replacement bill for the sequester Thursday. House Ag Chairman Frank Lucas says it is disappointing the Senate not only failed on this front - but that it has failed to pass a budget in nearly four-years.

However - Lucas is pleased they rejected the Reid-Stabenow plan - which he says unfairly targeted agriculture. He says America's farmers and ranchers deserve better than to be used as a pawn in a political game. White House Spokesman Jay Carney says the President believes the best way to go about this is to postpone the sequester or agree to a bigger deal that eliminates it entirely in a balanced way. The President and Congressional leaders will work on a compromise today (Friday) - but top lawmakers believe the prospects for a short-term deal are slim to none.

U.S. agricultural producers remain committed to being a part of the solution to the nation's fiscal crisis - but Lucas says a plan made up of half tax increases and half cuts to ag and defense is an absurd approach to balancing a budget.

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