Lawmakers working on farm bill extension: source
WASHINGTON (Reuters) - Lawmakers in the U.S. House and Senate agriculture committees are working on a short-term extension to the expired U.S. farm bill, and hope to vote on the extension by Monday, the final day of 2012, a Congressional source said on Friday.
The proposed extension to legislation that expired in September would be for "some months" but less than a year, the source said.
If an extension is passed the United States would avoid reverting to 1949 "permanent law" and with it a potential spike in the retail price of milk.
(Reporting by Charles Abbott, writing by Ros Krasny)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.