Case IH Power Tab

Farm Futures
   Search Site:   Friday, May 25, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

CAFTA Showdown Set to Occur Late Wednesday Evening

President Bush visit to Capitol Hill sent a strong message to undecided Republicans.

Jacqui Fatka 
Published: Jul 27, 2005

House Majority Leader Tom DeLay says Republicans in the House of Representatives will approve the Central American Free Trade Agreement Wednesday night, with the help of a few Democrats, according to Reuters.

President Bush made a visit to Capitol Hill Wednesday morning to flex his political arm calling for final passage of CAFTA, comprehensive energy legislation and a highway bill before Congress heads home for a five-week recess.

National Corn Growers Association Director of Public Policy Lisa Kelley expects a CAFTA vote to occur at midnight tonight. Most believe it will pass by only one to two votes. If the 218 threshold is reached, more representatives may vote for the measure if they're not the deciding vote.

The Bush Administration has been busy this week making side deals to secure votes for the measure. Representatives Spencer Bachus of Alabama, Bob Inglis of South Carolina and Mike Rogers of Alabama, came over the fence in support of the deal after their textile concerns were met.

Several representatives are hoping to bend the Administration's strict rules on requiring Cuba to pay for traded goods prior to shipment. Members have requested a commitment from the Administration on changing back to requiring payment after goods are received. No official decision has been made on this yet. In the past Bush has said he is unwilling to back down on Cuba measures because it is a communist nation.

House leaders introduced legislation Tuesday to keep China accountable for its trade practices. Democrats accused Republicans of pushing the legislation through to gain CAFTA votes, instead of addressing the true needs of the problem. The legislation failed to achieve a two-thirds majority vote. A straight majority vote is expected immediately prior to the CAFTA vote Wednesday to get additional representatives on board.

Kelley explains that when CAFTA does come up, it will be an hour debate and then a votes tallied. Many members may vote "present" when they arrive for the beginning vote, and watch to see how it goes before making up their mind on which way to vote, Kelley adds.



Permalink: Click here

Tagged: National Corn Growers Association, free trade agreement

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
Satellite Imagery Shows the Good and the Bad
Read this storyMany crop areas are doing better than normal, but a few problem areas are beginning to show up as well including the winter wheat crop.
Read this story

Settlement Offered in Atrazine Herbicide Case
Read this storySyngenta reaches a deal with several community waters systems, to end a lawsuit against atrazine; product to remain available to the U.S. market.
Read this story

Farm Bill Heads for Senate Floor
Read this storyCleared by the Senate Ag Committee in April, the farm bill is now ready for debate on the floor.
Read this story

 
Morning Call by Bryce Knorr
Livestock Call By John Otte
Satellite Imagery Shows the Good and the Bad
The Buzz: Grain Market Chaos Continues
Farm Bill Heads for Senate Floor
Afternoon Recap by Arlan Suderman
Settlement Offered in Atrazine Herbicide Case
Meat Exports Holding Steady
MF Global Friday: Exec Pay Surprise
Weak Corn Exports Undermine Farm Futures Prices
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com